Looking back at the market, Bitcoin has maintained a high level for six consecutive days. Last night, it experienced a small dip, with the lowest point at 78,500, but quickly rebounded. Yesterday, it was clearly stated that once Bitcoin surpassed 80,000, it would maintain a high level for a few days. Ethereum has already reached the first target of 3,200, and this bottom is very strong. The dip last night also quickly rebounded. My view for this week is that Bitcoin will continue to fluctuate above 80,000, with a key focus on the 83,000 level where one may consider liquidating or reducing positions. For Ethereum, consider reducing positions or liquidating in the 3,450-3,500 range. Everyone should remember that in any trading market, it's about selling high and buying low, securing profits. No one can capture the last bite of meat or enter at the absolute lowest point. This week, the Bitcoin ecological inscriptions and AI sector are beginning to rotate, so keep an eye on that.
Yesterday, Bitcoin broke through the 80,000 barrier, consistent with our early forecast six days ago. Once it surpassed 80,000, it would continue to rise and not immediately drop. Last night, Bitcoin quickly rebounded from the lowest point of 78,500. The breakthrough of 80,000 has fully triggered FOMO in the current market. The high point for Bitcoin is at a new peak, and this week, the key focus is on the area around 83,000, which is where one may consider liquidating or reducing positions. Today, pay attention to the support level at 79,000 or nearby, and above that, watch the resistance level in the 82,400-83,000 range.
Overall, Ethereum has performed much stronger than before and has risen to our first target of 3,200. On the four-hour chart today, there is a short-term resistance point around 3,230. Below, pay attention to the support level in the range of 3,100-3,150. The market will only show performance if it effectively breaks through the 3,256 level and will continue to move upwards from there. Currently, Ethereum is in a rebound and consolidation phase, with altcoins generally experiencing rotational gains. Watch for a breakthrough at the 3,256 level today, which could directly lead to the 3,340-3,360 range.
