This week's market is about to conclude. Regardless of whether the performance was good or bad, a summary of this week should be made to replan the goals for next week. Let's briefly review the market this week: At the end of last week, Bitcoin bottomed out around 98115, stabilized below, and began to recover, showing a rebound pattern. At the beginning of the week, it reclaimed all the space previously lost, and in the middle of the week, it slightly faced resistance around the 108 mark, starting to correct. By the end of the week, it again showed a fluctuating upward trend, currently returning to the vicinity of the 108 mark. Previously bearish, but yesterday turned bullish, and the market performed perfectly as expected, well within grasp; the week's fluctuations were mostly concentrated at the beginning of the week, with daily surprises. During the correction phase, there were opportunities for both short-term and swing trading, which is how it is done. When the market is good, we engage more in swing and medium-long-term trades; when the market moves slowly, we combine with short-term participation to accumulate better positions. How did everyone do this week? Did you all manage to get your share? If not, let’s join hands with Old Li to fight for next week together.
The monthly chart of Bitcoin has changed from a previously strong one-sided stair-stepping pattern, and in the middle of the month, it showed a high-retraction pattern, but the continuity was insufficient. After bottoming out, it immediately rebounded and filled the upper shadow line while extending the lower shadow line. Ethereum exhibited a similar pattern, but the filling space was smaller, and the monthly chart showed a doji candlestick consolidation pattern. This month, the battle between bulls and bears has been intense, and the monthly chart will conclude tomorrow, also marking the beginning of next week. Considering the current trend, we expect the monthly chart to fill and close higher; from the weekly candlestick perspective, after last week's market weakened, this week completed a recovery and warmed up again, transitioning from a stair-stepping rise to a fluctuating upward trend. This week, pay attention to the recovery around the 109000 mark. Once this level is reclaimed, it will significantly strengthen the continuation of bullish momentum, potentially welcoming another highlight moment for Bitcoin. Next week will be a critical juncture; Ethereum's weekly chart also returned to the previous starting point and crossed the previous low again. Compared to prior patterns, the market has already undergone a top-bottom replacement, forming strong support. This will all prepare for a surge in the future market, accumulating strength for the move. Ethereum will follow Bitcoin's trend next week, continuing to rise, and we remain optimistic about Ethereum reaching new highs.
Bitcoin and Ethereum continue to be bullish.