This week's market has been fluctuating, with some feeling unsettled by the volatility, while those who keep pace have already secured profits amid the oscillations—opportunities are hidden in the ups and downs of Bitcoin, and there’s even more room for growth in the strong rise of Ethereum. With a steady mindset and the right rhythm, profits naturally follow. This week, Bitcoin showed a trend of oscillating upwards: at the beginning of the week, the price slightly climbed to 115,677 points before facing pressure and retreating, reaching a low of 112,625 points before rebounding. By the weekend, it climbed to 119,094 points, generally presenting an upward oscillation pattern. Ethereum performed even stronger this week, rising to a high of 3,733 points at the beginning of the week before slightly retreating to a low of 3,544 points, then launching a strong upward attack, with the price steadily climbing, reaching a high of 4,331 points by the weekend, showing significant strength. This week, Jinlin led the students, with Bitcoin achieving a total of 9,905 points in space, and Ethereum achieving 1,709 points in space.
From the perspective of the market, Bitcoin's four-hour chart shows a particularly prominent dominant feature, with the Bollinger Bands displaying a converging state, indicating that the current market is in a range consolidation phase. Recently, the price has successfully broken through the upper boundary of the oscillation range. At the same time, the candlestick structure has formed a bullish engulfing pattern, with both confirming that bullish strength is continuously strengthening; looking at Ethereum on the hourly level, the upward momentum is showing strong performance. Although the MACD histogram is still below the zero line, it is gradually narrowing, and the bullish momentum is in a sustained phase, with short-term pullback pressure gradually easing. Overall, after Bitcoin breaks through the oscillation range, the upward space has been preliminarily opened; Ethereum, after accumulating momentum, has a higher probability of continuing its strength. Therefore, the subsequent price ratio is likely to continue the rhythm of breaking through the resistance. The overall bullish logic remains unchanged. In terms of operations, it is recommended to mainly focus on low-position long positions after retracement adjustment, relying on short-term support levels to build positions, balancing risk control and the continuity of the trend. $BTC $ETH
Monday's early thoughts: Bitcoin 117,800-118,200 points, targeting around 119,500.
Monday's early thoughts: Ethereum 4,170-4,200 points, targeting around 4,320.