Saturday's market experienced a deep correction, turning a normally calm weekend into a nearly 3000-point adjustment. The main reason was the US-Iran war, which led to a strong dollar overall, causing the price ratio to plummet. The ratio briefly dipped to around 63,000 before stabilizing. Currently, it has recovered to around 65,000 and is consolidating. From a trend perspective, the support structure at the bottom still appears relatively strong. Ethereum also moved lower during the day, briefly falling to around 1830 before recovering to around 1900 for consolidation. Our early morning long positions unfortunately incurred an 800-point loss, but after further downside, we entered a long position around 63,500 to catch the bottom, taking a 1,000-point profit before exiting. For Ethereum, we entered a long position around 1850, gaining 50 points before closing. Despite some losses during the day, our intraday positions still yielded small profits overall.

Looking at the four-hour chart of Bitcoin, after the recent decline, the price reached the Fibonacci retracement key resistance level and then recovered. The data did not create new lows, and the moving average structure shows stabilization after recapturing the 7-day moving average. The market has established initial support, and after the data-driven decline, a rebound in the price ratio occurred, indicating that the overall trend at the bottom remains relatively strong. The three consecutive bullish candles have fully recovered the intraday decline. The Bollinger Bands remain stable, so the outlook remains to consider low-positioned longs.

Bitcoin can be lightly long at 64,500-65,000, targeting around 67,000. Ethereum can be lightly long at 1880-1900, targeting around 1950. #BTC #ETH