$BTC will strike the water three thousand miles, confidently living for two hundred years. Why should the scenery at the mountaintop only be seen by others? Is it because of hesitation that one misses the opportunity, or is it due to blind actions disrupting the rhythm? This week, the Bitcoin market has seen a tug-of-war between bulls and bears, with a high point close to 119900 and a low point around 114900. In such fluctuations, choosing the right direction can easily yield profits. The Zhuowei team has made significant gains this week: On Monday, the long position in Bitcoin earned 3364 points and Ethereum 130 points; on Tuesday, Bitcoin gained 4696 points and Ethereum 72 points; on Wednesday, the market was slightly calmer, still giving Bitcoin 2595 points and Ethereum 41 points; on Thursday, there was an explosion, with Bitcoin gaining 5802 points and Ethereum 98 points; on Friday, showing strength amid market fluctuations, Bitcoin earned 3829 points and Ethereum 126 points.
This month, Bitcoin shows an upward trend with consecutive gains, but the upper shadow is obvious. After a peak of 123300, it has retraced and is currently in a period of accumulation and preparation for breaking new highs. Ethereum's monthly chart shows a strong bullish extension, with continuous capital inflow, strengthening the bullish trend. Recovering lost ground is inevitable, but it requires time for adjustment. Looking at the weekly chart, Bitcoin's rise has been hindered by a pullback, weakening the bulls against the bears; Ethereum is experiencing sideways fluctuations, with bulls being damaged and bears likely to experience a pullback. Next week, the focus can be on the bears' strength before laying out long positions, with Bitcoin aiming to break through 112000, looking down to 110000; Ethereum targets 3300, with a breakout at 3100. For the medium to long term, Bitcoin looks down towards the 11 level, while Ethereum targets around 3000.