Technical Analysis: BTC

The weekly level shows a trend of six consecutive bullish candles, with last week's long lower shadow hammer candlestick indicating that bulls still dominate during the pullback.

The current price is operating within a long-term upward channel, maintaining a staircase-like upward structure. On the daily chart, after a week of sideways consolidation, yesterday saw a significant breakout resulting in a large bullish candlestick, but there is noticeable selling pressure as it approaches historical highs. Currently, it has rebounded to find initial support at the 7-day moving average. The key bullish-bearish dividing line to watch is the 103K level; if it stabilizes, the upward pattern will continue.

The 4-hour chart shows that after the main funds completed chip exchange near 103K, they began to rally, but the night session has seen sharp fluctuations, necessitating caution against the risk of a washout by the main funds. The intraday trading range to focus on is the support zone of 102-103K and the resistance area of 105-106K, with a suggestion to confirm direction based on daily closing.

ETH

After a strong rise at the weekly level, ETH has entered an adjustment cycle. Last week, it formed a long shadow doji, consistent with a continuation pattern.

If this week can replicate a lower shadow bottoming pattern, it may initiate a new wave of upward movement. The daily level has undergone technical repair over 8 trading days, with the MACD indicator returning near the zero axis. After a rapid drop to 2320 in the early morning, it rebounded and is currently undergoing a second bottoming confirmation. If the daily candle closes with a long lower shadow, it will signify the end of the adjustment.

The 4-hour level, accompanied by volume fluctuations, shows that the 2300-2280 area constitutes a key defense position. For intraday operations, focus on the support range of 2350-2320, with upper resistance at 2480-2520, and be wary of rapid spike risks.