7.7BTC/ETH Successful Bottom Fishing: How to Plan for This Week
BTC:
Last Friday, Bitcoin was preemptively bullish around 107400, precisely hitting the low point and successfully reaching the target of around 109000.
Bitcoin's weekly chart shows a bullish doji star, maintaining a bullish pattern. On the higher time frame, continue to monitor the double bottom resistance at 110650. If it touches this level again, the probability of breaking down is very high. Once it breaks through, 112000 is not a resistance, but an acceleration point.
Key support below is the key reversal level at 106500. As long as it stays above this level, the bullish trend remains strong.
During the day, it experienced a rise followed by a pullback, constrained by the 109500 level. The support below is around the 108500-8300 range.
For the day, keep an eye on the 4-hour starting point in the 108700-8500 area to maintain a bullish outlook!
ETH:
ETH's weekly chart also shows a bullish doji star. Watch the upper resistance at the 2630 high, and the lower support at the Friday pullback level of 2470.
In the short term, it has also shown a rise followed by a pullback. However, remember that if it opens lower on Monday, it will provide more momentum for the subsequent upward movement. For the lower levels, focus on the 2550-30 range to continue the bullish outlook!
