This week's market is also about to come to a close, and the market this week is relatively large. Starting from Monday's rise point around 106000, it strongly surged to the high point of 110653, facing pressure, and then the price dropped significantly. After reaching a high, it failed to stabilize, and Bitcoin's price repeatedly tested but ultimately failed to hold. Bears have also sounded the horn of counterattack, and from the four-hour level, the price shows a unilateral downward trend. The lowest retracement was fixed at 102614, with a drop of nearly 8000 points, which was unexpected. Ethereum's trend basically follows that of Bitcoin, with an overall V-shaped reversal in the market. The price reached a maximum of 2879 and faced pressure, then retraced to a low of 2433. This week, we have been focusing on bullish positions but failed to catch the retracement trend. A few trades were wrong, and mistakes were made, but it’s important to correct them in time.

This week, we managed to help our live trading students to gain a total of 8344 points in Bitcoin and 381 points in Ethereum. Overall, it is still not satisfactory. As the weekend comes to an end, let’s continue to work hard and improve next week!

From a technical structure perspective, the price's downward movement failed to reach the bottom, and it must repair upwards to maintain the mid-track area contention, with the running channel remaining in a wide narrowing state. Bearish volume is constrained and shows limitations, with moving averages indicating a sign of reversal. The short-term structure shows that the running channel has opened upward initially, the price is gradually rising along the mid-track, and it has stabilized above the mid-track. After the bearish volume is released, it quickly shrinks and converts to bullish, with moving averages consistently rising. Although there is a sign of oscillation and consolidation in the short term, the upward channel space still needs to be released. In the future, we will mainly pursue bullish positions as our ideal rhythm and target, just like a flag high in the wind, guiding us forward. Without a goal, we will drift along with the tide. There are many people around us who seem to work hard but are still far from success because these people lack life goals or have goals that are too low, only focusing on their own feet and not looking at the distant target. #BTC走势分析