On the weekend, the overall market was in a state of oscillating upward, gradually recovering from the decline caused by 'Black Friday', without a significant breakthrough. In stark contrast, some altcoins showed explosive growth, with BAN, PI, and TST all rising by more than 50%. It is often said that history does not simply repeat itself, but it has astonishing similarities. Will the BY-bit incident, like in the past, become a prelude to a violent market? In my personal judgment, this possibility is quite high. Looking back at the development of the coin circle, this is undoubtedly a history of continuous self-iteration in the confrontation. From the Mt. Gox incident to the F-TX incident, each crisis has prompted the market to become more resilient, and transparency has also increased. In fact, the real root of a collapse lies in the collapse of value, rather than technical vulnerabilities. As a retail investor, facing such events, it is better to focus on the underlying logic: blockchain is committed to reshaping the financial infrastructure. Although this path is bound to be full of twists and turns, the future is undoubtedly bright. Please remember, what you feel panicked about may be an excellent opportunity in the eyes of others.

After Bitcoin surged on Friday, it encountered setbacks, with prices falling to the 94900 level at one point, followed by a 2000 point correction, and the current price has rebounded to around 97000. Throughout Saturday, the market did not see significant fluctuations, mainly focusing on corrective movements, which is in line with the typical characteristics of weekend markets. Structurally, if the price cannot regain the key level of 97200 intraday, it will not only face pressure in the short term, but also serve as a watershed for both long and short positions on the daily chart. From a fundamental perspective, the box structure on the 4-hour chart has not been broken, and overall it is still operating within the range of 100000 to 93000. Although the 100,000 mark seems within reach, achieving a true breakthrough and stability still requires a significant amount of capital. However, as long as the short-term support level is not breached, there is still potential for an upward breakthrough. The current market presents a volatile situation, indeed challenging, but market fluctuations are common, and a month or two of oscillating trends are not uncommon. Investors should adjust their mindset and adopt differentiated strategies for different market conditions.

Yesterday, Ethereum changed its previous downward trend, finding support at the 2615 level after probing the bottom, and started a strong rebound in the day session, reaching a high of 2797 before encountering resistance. From a four-hour perspective, the market shows a three-consecutive-rise pattern, maintaining a trend of oscillating upward, with a relatively limited short-term pullback, a overall bias towards the long side, and the accumulation of bullish strength. From an hourly perspective, the market has stabilized above the midline, currently showing a slow upward trend with small steps. If the price can effectively break through the resistance at 2800 points, accompanied by significant increase in trading volume, it is very likely to usher in further upside space. Conversely, if the price falls below the support level of 2700 points, downward risks should be monitored. During the current oscillating consolidation phase, investors may consider range trading and adopt a strategy of short-term high selling and low buying.