The market for $ETH will repeat, but growth will not. This week has come to an end, and regardless of whether you made a profit or a loss, please remember: there are no perpetual victors in the cryptocurrency world, only warriors who continue to evolve. Treat each trade as a training session and each candlestick as a textbook. The market's fluctuations will eventually pass, but the calmness, patience, and wisdom you sharpen through them are the true wealth that belongs to you. This week, Bitcoin showed a surge and then a pullback, reaching a high of 123219 on Monday before facing pressure and retreating. On Tuesday, it dipped and fluctuated around 115736, while on Friday, it made a second attempt at 120954 before pulling back to 116812, indicating significant selling pressure at high levels. Ethereum performed strongly this week, initiating a rebound trend, soaring from 2950 to 3767. Although it pulled back on Friday along with Bitcoin, the extent of the pullback was limited, showing strong buying support. On Monday, Bitcoin's two longs and three shorts captured a space of 4872 points, while Ethereum captured 573 points; on Tuesday, three shorts took 4183 points, with Ethereum capturing 149 points; on Wednesday, two longs took 2761 points, while Ethereum captured 201 points; on Thursday, three longs and two shorts captured 5256 points, with Ethereum capturing 302 points; on Friday, four longs and two shorts captured 6003 points, with Ethereum capturing 363 points; on Saturday, two longs and one short captured 1902 points, with Ethereum capturing 158 points; on Sunday morning, the bullish strategy on Ethereum successfully captured nearly 150 points.
Bitcoin currently has key support in the 115700-116800 range; if it breaks below, it may dip to 113000. The resistance above is at 120900-121500; if broken, it may challenge the high of 123200 again. In technical indicators, RSI (55) is neutral to strong, MACD has a high-level death cross but is contracting, indicating a potential continuation of fluctuations in the short term, and attention should be paid to the breakout direction. Ethereum currently has key support at 3550-3600; if it holds, it may aim for 4000; if it breaks below, 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, with a continuation of upward movement after retesting support. Overall market sentiment is greatly influenced by macro factors, so attention should be paid to the Federal Reserve's policy direction, and strict stop-loss settings should be implemented during trading.
Bitcoin suggestion: Buy near 117800-118000 with a target of 120000; if met with resistance, reverse the position.
Ethereum suggestion: Buy near 3700-3720 with a target of 3850; if met with resistance, consider a different approach.
