🚀 Comprehensive analytical report on the cryptocurrency market (this week + next week's predictions)

📊 Overall performance — What happened this week?

- Bitcoin (BTC) broke through the approximately $120,000 level with strong upward momentum, recording a weekly high near $123,928.

- Ethereum (ETH) stabilized above $4,500 after a notable rise, achieving a weekly high of $4,585.

- The market as a whole is experiencing optimism supported by positive regulatory news, but it is not free from the pressures resulting from the liquidation of leveraged positions estimated at $1.8 billion in one day.

⚡ Market driving factors

1️⃣ US regulations: The Securities and Exchange Commission (SEC) has shown more flexibility with some companies (like DoubleZero), and new laws are under discussion regarding stablecoins.

2️⃣ Whale movement: Massive purchases have been observed, reflecting the confidence of some major investors in the bullish trend.

3️⃣ Macroeconomic: The possibility of interest rate cuts by the US Federal Reserve in case of economic slowdown enhances demand for high-risk assets like crypto.

4️⃣ Altcoins & DeFi: Solana (SOL) has recorded a remarkable increase against Bitcoin, and DeFi projects are benefiting from the media momentum.

5️⃣ Negative events: Major fraud cases (like the seizure of $5 billion in the UK) weaken public trust.

🕯️ Technical analysis (candles and indicators)

### Bitcoin (BTC)

- Weekly candles: A strong bullish candle formed with a long upper wick at $123,900, indicating strong resistance at these levels.

- Major support: $108k – $112k

- Current resistance: $121k – $124k

- Technical pattern: Symmetrical Triangle, suggesting a potential price explosion soon.

- If the price closes the week above $124k ➝ a strong signal to continue rising towards $130k – $135k.

- If it fails and breaks $112k ➝ return to test $108k and perhaps lower.

### Ethereum (ETH)

- A bullish weekly candle with a close above $4,500.

- Major resistance: $4,600 – $4,800

- Support: $4,200 – $4,300

- The technical pattern shows a Higher Low, which enhances the likelihood of reaching $5,000 soon.

### Solana (SOL)

- Positive performance against BTC with a strong green candle.

- Current resistance at $185 and support at $160.

🔮 Predictions for next week

📈 Bullish scenario:

- Bitcoin breaks $125k with a trend towards $130k – $140k.

- Ethereum is heading towards $5k, opening the door for a strong recovery in the alternative market.

📉 Corrective scenario:

- Bitcoin returns to test $110k – $112k if it loses momentum.

- Ethereum is retreating to $4,200 as a natural correction.

➖ Sideways scenario:

- Movement between $112k and $121k until critical news appears.

🗓️ Important events to follow

- SEC decisions regarding stablecoins.

- US inflation and jobs data ➝ affect the Federal Reserve's decisions.

- Global crypto conferences ➝ may carry news of partnerships or network updates.

✅ Neutral recommendations

- For day traders: Monitor resistance and support levels closely, using Stop Loss.

- For long-term investors: Any correction towards $110k for Bitcoin or $4,200 for Ethereum may present a buying opportunity.

- Don't forget to diversify to reduce risks.

- Avoid high leverage at this stage.

✍️ This was a comprehensive review of the digital currency market

This week with predictions for next week 🔥🚀

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