A recent round of correction has been influenced significantly by macro factors. The uncertainty surrounding the Federal Reserve chair nomination has triggered market sentiment fluctuations, and market pricing ability is still adapting to these changes. However, from a trading logic perspective, the main trend of the current market remains centered around expectations of interest rate cuts. Short-term adjustments do not alter the long-term direction, and this wave of decline is unlikely to continue too deeply.

From a technical standpoint, Bitcoin and Ethereum showed quite stable movements over the weekend, almost forming a straight line. The 95,000 level serves as an important support, with two gaps below waiting to be filled. Yesterday’s pullback has already completed the gap filling in the 94,815-95,610 range. From a technical structure perspective, there are no clear signs of a downward breakout in the short term.

My view is that over the weekend, there might be an initial upward breakout followed by a pullback for confirmation. If that happens, the risk next week will significantly increase. But regardless, trading is most important to follow the trend and avoid forcing trades without a clear direction. Market movements are often shaped by patience; choosing the right entry point can often yield twice the result with half the effort, while poor timing can easily lead to being caught in a trap.