$BTC Some people panic and sell when they see a drop, while others view a pullback as a "discounted entry ticket." This week, Bitcoin retraced nearly 6% from its peak, and Ethereum also fell from 3767. However, if you deny the trend due to short-term fluctuations, you may miss the next opportunity. The market always rewards the patient. During a crash, are you willing to gradually position yourself? During a surge, can you incrementally take profits? The answer lies in your actions. This week, Bitcoin showed a high-to-low trend, peaking at 123219 on Monday before retreating, then fluctuated around 115736 on Tuesday, and after a second attempt to attack 120954 on Friday, it retreated again to 116812, indicating significant selling pressure at high levels. Ethereum performed strongly this week, starting a catch-up rally, soaring from 2950 to 3767. Although it retreated on Friday along with Bitcoin, the pullback was limited, showing strong buying support. On Monday, Bitcoin's two long and three short trades captured 4872 points of space, while Ethereum captured 573 points; on Tuesday, three shorts gained 4183 points, Ethereum 149 points; on Wednesday, two longs gained 2761 points, Ethereum 201 points; on Thursday, three longs and two shorts gained 5256 points, Ethereum 302 points; on Friday, four longs and two shorts gained 6003 points, Ethereum 363 points; on Saturday, two longs and one short gained 1902 points, Ethereum 158 points; on Sunday morning, the long trading strategy for Ethereum successfully gained nearly 150 points of space.
Currently, Bitcoin's key support is in the 115700-116800 range, and if it breaks below, it may test 113000; resistance above is at 120900-121500, and if broken, it may challenge the 123200 peak again. In terms of technical indicators, RSI (55) is neutral to strong, MACD shows a death cross at a high position but is decreasing in volume, suggesting a continuation of fluctuations in the short term, requiring attention to breakout direction. Ethereum's key support is currently at 3550-3600, and if it holds, it may push towards 4000; if it fails, it may retest 3400. Technical indicators show RSI (72) is close to overbought, indicating a potential need for a pullback in the short term, but the moving averages are in a bullish arrangement, and the medium-term trend remains strong, potentially continuing to rise after retesting support. The overall market sentiment is heavily influenced by macro factors, and attention should be paid to the Federal Reserve's policy direction, with strict stop-loss settings during trading.
Bitcoin suggestion: Buy around 117800-118000 with a target of 120000, continue to look upward after breaking; reverse if encountering resistance.
Ethereum suggestion: Buy around 2700-272 with a target of 2850, continue to look upward after breaking; switch strategies if encountering resistance. #Chainbase上线币安