$BTC Bitcoin Ethereum 6.30-7.6 This Week's Summary
The gifts of fate always favor those wise individuals who are well prepared; however, true wealth belongs to those brave souls who dare to take the first step and turn their courage into concrete actions. In the past thrilling seven days, the cryptocurrency market has been like an epic with ups and downs, as Bitcoin and Ethereum have staged a multi-act drama of reversals. The intensity of this price game and the volatility have left countless investors on edge.
This week's Bitcoin trend can be described as a rollercoaster. On Monday, the bearish forces struck hard, quickly pushing the price down to the low area of 105010, as if to completely shatter the confidence of the bulls. However, at this critical point, the bulls suddenly awakened, launching a desperate counterattack that sparked a strong rebound wave, igniting market sentiment. As the week progressed, Bitcoin's price surged, reaching the high area of 110484. But with heavy resistance above, the bulls could not maintain the momentum, and the price subsequently faced downward pressure. Approaching the weekend, the market fell into adjustment again, with the price dipping to around 107200, but it quickly stabilized, entering a volatile upward mode, with both sides engaged in a fierce tug-of-war in this range.
Ethereum's trend resonated almost in sync with Bitcoin. At the beginning of the week, the price dropped from the high area of 2527, with the fierce attack of the bears pushing the price down to the low area of 2374. Subsequently, the bulls quickly gathered strength to counterattack, and during the mid-week trading session, Ethereum's price climbed to the high area of 2639. Unfortunately, the good times did not last long; with strong resistance above, the price could not maintain its upward momentum. On the eve of the weekend, after retracing to the low area of 2476, it also began a volatile upward rhythm, echoing Bitcoin and together depicting the ever-changing landscape of the market.