In the previous round of arrangements, Li Mu continued to rely on his judgment of the short-term market trends, accurately predicting the support buying point at 9.16w for Bitcoin and 1720 for Ethereum. He promptly notified us to enter the market, and after the market accurately reached the target, it successfully rebounded, with Bitcoin rebounding over 4000 points and Ethereum rising over 130 points simultaneously. It is likely that everyone has witnessed this round of market movements, and we are now looking ahead to the upcoming week.
First of all, in last week's macro arrangements, we clearly pointed out that in the narrative aspect, the medium to long-term market is expected to continue bullish. Currently, the market has completed the first round of upward continuation. Although it has encountered short-term resistance, the structure has already completed the upward repair. However, considering the short-term level repair at the beginning of the week, we will prioritize looking for short-term corrections to find the next buying point.
From the Bitcoin price movement, we can see that the current support has been repaired to the 4-hour MA60 level, which is around 9.05w. Considering the short-term fluctuations and repairs, we will prioritize making bearish arrangements above the short-term level before Bitcoin fills this gap or provides a clear right-side signal. We can focus on Bitcoin around 9.38-9.45, and for Ethereum, around 1780-1800.