Yesterday's Market Summary and Technical Observation

BTC closed a small bullish candle with a doji star on the daily chart, with several needle-like pullbacks occurring in the early hours. Regarding the impact of macroeconomic data on the market, I personally believe its role is exaggerated—data mostly acts as a short-term emotional catalyst, while the true driver of market movement remains the bullish and bearish momentum of capital. The recent volatility was not significant, representing normal shakeout movements. Based on the current trend, we still need to complete a round of sufficient consolidation to accumulate energy for the subsequent second phase of upward movement. This fully aligns with the previously expected rhythm.

ETH also closed a small bullish candle yesterday with needle-like movements, currently oscillating between 3000 and 3100, repeatedly testing this range. In such a consolidation phase, needle-like movements will be more frequent, which actually indicates the market is solidifying its foundation and preparing for a rebound.

Weekend Market Outlook

For BTC, the weekend is expected to continue with sideways trading. It is important to monitor the key support level at 898, and pay close attention to resistance around 926-934. Once this range is broken, a larger upward space could open up.

On the ETH side, the small-scale needle movements between 3000-3100 will continue, and the previously targeted range of 3030-3060 has already been reached. The next key step is to confirm whether this support zone remains effective multiple times, which will determine the strength of the rebound. From a technical perspective, if the price breaks through the 3160-3220 range later, it could directly target a larger space of 3400-3600.

Overall, next week we should observe whether the current support levels' rebound effects are confirmed, which will decide the subsequent trend.