Every step in life has no shortcut; we all need to move towards success step by step. The market trend for this week is about to come to an end, so here’s a brief review of this week's market direction and future market analysis. Bitcoin continued the upward trend from last week at the beginning of the week, once again probing near the previous high, reaching a peak of around 110,653. After a two-day consolidation at high levels, the price faced downward pressure, experiencing a continuous decline that retraced the previous upward movement. It tested the low again, dropping to a minimum of around 102,614 before a strong rebound occurred. Currently, it has stopped falling and broken the weak market trend observed in the middle of the week. Throughout the week, both Bitcoin and Ethereum had active participation without any setbacks, achieving great success. Notably, on Friday, as the weak market declined, we shorted the market and promptly shared a counter-strategy, publicly revealing our tactical thoughts in advance. The market provided the expected rebound, initially shorting then going long, perfectly concluding this week. How did everyone perform? I believe that as long as participation revolves around Lao Li's strategy, everyone has experienced a qualitative leap.

Currently, Bitcoin's monthly chart forms a doji candlestick, showing no breakthrough on the upside and no continuation on the downside, presenting a high-level oscillation and tug-of-war pattern. From the weekly chart of Bitcoin, last week showed a bottom rebound, while this week showed a probing high with a pullback, alternating between bullish and bearish candles. Ethereum's weekly chart has not established a strong one-sided trend after rising to the 2500 level, still moving in a wide oscillating tug-of-war pattern. However, each upward movement continuously breaks new highs before retracing, indicating ongoing attempts to break out. Looking ahead, we remain optimistic about Ethereum reclaiming the 3000 level, but it still needs a period of consolidation and repair to build momentum for a high breakout. The daily charts of Bitcoin and Ethereum show narrow doji candlesticks, with a short-term breakdown that did not provide much continuation, quickly reclaiming above. Therefore, the short-term trend remains a tug-of-war. The weekly and monthly charts still require significant adjustment, but the short-term is temporarily unable to establish a one-sided trend, oscillating in a contracted manner, with the daily chart showing a smooth consolidation. Currently, the price remains at the lower range, and today we should pay attention to the defense strength around the 103,000 and 2400 levels. As long as there is no second dip, the short-term still looks for a rebound. Support is below, and next week we will continue to see prices reclaiming and breaking new highs.

Next week, Bitcoin is expected to approach the 110,000 mark, and Ethereum is looking at the 3000 mark.