🍀 Spring Date with Fortune, Prizes with Raffle! Growth Value Phase 1️⃣ 7️⃣ Spring Raffle Carnival Begins!
Seize Spring's Good Luck! 👉 https://www.gate.com/activities/pointprize?now_period=17
🌟 How to Participate?
1️⃣ Enter [Square] personal homepage, click the points icon next to your avatar to enter [Community Center]
2️⃣ Complete Square or Hot Chat tasks such as posting, commenting, liking, speaking to earn growth value
🎁 Every 300 points can raffle once, 10g gold bars, Gate Red Bull gift box, VIP experience card and more prizes waiting for you to win!
Details 👉 https://www.gate.com/ann
# Weekend Market Analysis: BTC & ETH Price Action
The weekend market movement evolved exactly as anticipated, with BTC testing a bottom at 68228 followed by a rebound, while ETH simultaneously tested the critical support level at 2060. The overall trend perfectly aligns with our expected range dynamics. Currently, there is no trend-breaking movement in the market, and the large-cycle rebound logic remains intact. In the short term, we expect range-bound consolidation and recovery, with focus on precise support and resistance level operations.
## BTC Operation Strategy
### Core Support Zones
• **Strong Support:** 68000-68500 (Spike low + weekly MA convergence zone, institutional accumulation concentration, extremely low probability of breakdown)
• **Defensive Support:** 67200-67500 (If 68000 fails, this is the maximum limit for the second bearish probe, usable as an extreme long defense line)
### Key Resistance Zones
• **First Resistance:** 70800-71500 (Short-term MA pressure + upper edge of previous consolidation platform; stabilization in this zone confirms rebound continuation)
• **Second Resistance:** 72800-73200 (Daily-level trendline pressure; breakthrough opens further upside)
• **Ultimate Target:** 75000-76000 (Options major position pain point zone; breakout with volume can target 78000 vicinity)
### Operation Strategy
• Layer in long positions on pullbacks to 68000-68500, set stop loss below 67500, target 71000 first, then 72800 on breakdown;
• If rebound to 71500 encounters resistance and pulls back, can attempt light short positions, stop loss above 72000, target retesting 70000;
• If unexpected breakdown below 68000, avoid blindly shorting; wait for stabilization near 67200 before going long. Overall trend remains range-bound rebound—avoid excessive bearish bias.