$BTC The market is ever-changing, and only by strictly adhering to discipline can one achieve steady profits. Over the weekend, Bitcoin fluctuated between 117000-118000, peaking at 118182 in the evening before retreating to around 116901 for consolidation. Ethereum oscillated between 2920-2980, reaching a high of 2978 in the evening before pulling back to around 2904 for consolidation. A week has passed, and looking back, this week Bitcoin bulls and bears captured nearly 17500 points, while Ethereum bulls and bears achieved nearly 890 points. Efforts do yield results; the sleepless nights have paid off. Yunlu will continue to track market changes and provide timely and accurate analysis.
From a technical perspective, Bitcoin's short-term support is at 116500 and 115800, with RSI around 50 indicating a balance between bulls and bears, and MACD convergence suggesting continued fluctuations; Ethereum's key support is at 2900 and 2850, with a narrowing Bollinger Band hinting at possible trend changes. The current market is in a high-level consolidation phase, and it is advised to sell high and buy low in the short term while strictly implementing stop losses.
Bitcoin suggestion: Buy near 116800 on pullback, target 118500 (if stabilized, can continue to look upward); sell near 118500-118800.
Ethereum suggestion: Buy near 2900, target 2980-3000; sell if pressured near 2980.
