This week, the market fluctuated like a roller coaster — Bitcoin surged and then fell back, while Ethereum made a crazy rebound. Some rejoiced in harvesting profits, while others sadly cut losses. The market is always changing, but the one constant is its test for every participant: can you stay clear-headed amidst the ups and downs, and hold onto your principles during volatility? When Bitcoin broke 120,000 and then fell back, and when Ethereum skyrocketed 27% in a week, did you regret 'not getting in at the bottom' or feel anxious about 'selling too early'? The market never pays for anyone's emotions; candlesticks are merely results, while mindset is the key determinant of victory or defeat. The true winners are not those who predict the most accurately but those who can restrain themselves in greed and remain calm in fear. This week, Bitcoin showed a high-and-low fluctuation trend, peaking at 123219 on Monday before facing pressure to fall back. On Tuesday, it dipped to around 115736 and fluctuated, and on Friday, after a second attack at 120954, it retreated again to 116812, indicating significant selling pressure at high levels. Ethereum performed strongly this week, initiating a rebound from 2950 to a peak of 3767. Although it fell back on Friday along with Bitcoin, the retracement was limited, showing strong buying support. On Monday, Bitcoin achieved 4872 points of space with two longs and three shorts; Ethereum gained 573 points of space. On Tuesday, three shorts earned 4183 points of space, with Ethereum gaining 149 points of space. On Wednesday, two longs captured 2761 points of space, and Ethereum gained 201 points of space. On Thursday, three longs and two shorts captured 5256 points of space, with Ethereum gaining 302 points of space. On Friday, four longs and two shorts captured 6003 points of space, with Ethereum gaining 363 points of space. On Saturday, two longs and one short captured 1902 points of space, with Ethereum gaining 158 points of space. On Sunday morning, the bullish strategy provided for Ethereum also successfully captured nearly 150 points of space.
Bitcoin's current key support is in the range of 115700-116800; if it falls below this, it may drop to 113000. The resistance above is at 120900-121500, and a breakthrough here may challenge the 123200 high again. In terms of technical indicators, RSI (55) is neutral to strong, MACD shows a death cross at a high level but is decreasing in volume, indicating that the short-term may continue to fluctuate, and we need to pay attention to the direction of the range breakout. Ethereum's current key support is at 3550-3600; if it holds this level, it may aim for 4000; if it fails, it might retrace to 3400. Technical indicators show that RSI (72) is close to overbought, indicating a potential need for a short-term correction, but moving averages are in a bullish arrangement, and the medium-term trend remains strong. After retracing to support, it may continue to rise. Overall market sentiment is heavily influenced by macro factors, and we need to pay attention to the Federal Reserve's policy direction, strictly setting stop-loss orders during trading.
Bitcoin suggestion: Long around 117800-118000, targeting 120000, and if broken through, continue to look upwards; if resistance is encountered, take the opposite position.
Ethereum suggestion: Long around 2700-272, targeting a breakthrough above 2850; if resistance is encountered, consider a different approach.
