Technical Analysis: BTC

Last week, BTC maintained a fluctuation in the range of 83-86, and the weekly candle closed with a small bullish trend. Due to the rapid decline of the USD, Bitcoin's attributes as 'digital gold' were highlighted, quickly rising over 3000 points in the morning, with the weekly candle closing bullish again. Key resistance above is focused on the lines 893 and 918, with strong selling pressure located above 950. It should be noted that the current market is highly sensitive to policies, and fluctuations in the USD's status may continue to impact coin prices, so close attention should be paid to macro policy trends going forward.

Daily Level: After a week of consolidation, the price broke through the key resistance level of 86 in the morning, closing with a strong bullish candle, and steadily rising along the 7-day moving average, establishing a short-term upward trend.

4-Hour Level: After three consecutive small bullish candles, a significant breakout occurred, forming a large bullish candle, but there are signs of stagnation in the shorter cycle, and it is expected to enter a high-level fluctuation and correction during the day. In terms of operation, support below is focused on the range of 865-855, while resistance above is focused on the range of 875-885. After a pullback and stabilization, opportunities for long positions can be considered.

ETH Trend Analysis:

The weekly candle continuously closed with doji candles, indicating insufficient upward momentum, but driven by BTC, the short-term target can be seen around 1720, with significant selling pressure above 1780.

Daily Level: The recent half-month high is under pressure at the line of 1690, and there has not yet been an effective breakthrough, with low market attention from funds. The current daily trend still maintains a slight upward trend, needing further volume to confirm direction.

4-Hour Level: After a reduced volume increase last night, the morning saw a large bullish candle with volume increase, but stagnation is observed in the short cycle. The day may first correct and then continue the upward trend. In terms of operation, support below is focused on the range of 1620-1600, while resistance above is focused on the range of 1660-1680, with a suggestion to mainly seek long positions after a pullback.