This Week's Market Review

- Bitcoin: Bulls performed well, strongly rising from the 116400 level at the beginning of the week to 122000 after stabilizing; briefly retraced to around 118500, stimulated again by positive CPI data, reaching a historic high of 124500. However, the new high could not hold, and the price has shown a stepwise decline, currently testing the key support level of 118000. Despite short-term pressure, the overall bullish structure remains unchanged— the 118000-118500 area is both this week's retracement low and a previous breakout level; if it stabilizes, it may attack again.

- Ethereum: The trend is highly synchronized with Bitcoin, strongly rising from the 4160 level at the beginning of the week and breaking through to a new high of 4789 on Thursday; similarly, it could not hold, retracing to a low of 4367, and currently rebounding to around 4500 for oscillation and consolidation.

This Week's Trading Results

Yang Jie Team's Trading Performance:

- Bitcoin: Set up 11 orders, achieving a total gain of 11750 points; closed 2 long orders with a total loss of 828 points.

- Ethereum: Set up 15 orders, achieving a total gain of 1278 points; closed 1 order with a loss of 37 points.

Current Market Analysis

- Four-Hour Level: After two consecutive bullish candles, it has shifted to an alternating bullish and bearish trend, currently running below the middle band of the Bollinger Bands; the three bands are extending parallelly, with a deadlock in the bullish and bearish ranges; the MACD double lines have crossed downwards and continue to decline, with the negative value range expanding, indicating the dominance of the bears and an overall bearish bias.

- One-Hour Level: Alternating between small bearish and bullish candles, the market has entered a 'time for space' adjustment period; the price is near the upper band of the Bollinger Bands, but the intraday upward momentum appears weak, showing signs of stagnation.

Midnight Trading Strategy

Continuing the high short strategy after the rebound:

- Bitcoin: Short near 118500, targeting around 117000.

- Ethereum: Short near 4580, targeting around 4350.#加密市场回调