Share the current market analysis.
Weekly:
Last week ended with a small volume bullish doji, still showing a balance between bulls and bears, with no obvious trading volume, lingering within a consolidation range. Since this is an important support level and above the middle band of the Bollinger Bands, as long as there is no significant volume leading to a drop below the support level, we should wait for signs of a stop-loss signal to strengthen the stop-loss effectiveness near the support level.
Daily:
On February 18, there was another test of the low, which quickly rebounded to form a hammer-like candlestick. The next day indicated a stop-loss signal, creating a smaller consolidation range. Since February 3, it has been in a 21-day fluctuation with weak rebound strength. We should observe whether the subsequent market rebound can break through the resistance zone of 100185-102569 with significant volume. As long as it stays above 100,000 for a long time, the bulls hold an advantage, and further K-line analysis will increase the basis for judgment.
Summary:
The trend background at the weekly level is a mid-stage bull market, in a consolidation after an upward trend, with no obvious stop-loss signal yet. Since it is also an important support level, the probability of continuing to maintain a consolidation phase is relatively high.
At the daily level, it is in a consolidation following an upward trend. The details given by this consolidation range suggest that the probability of continuing patterns is higher than that of reversal patterns. We will observe more K-line details to increase the basis for judgment.
Bitcoin is still in a consolidation phase, while Ethereum's weekly performance is decent. It has shown slightly increased volume with a morning star, indicating a strong stop-loss bullish pattern. It is also near an important support level of the trend line, but the resistance above is quite strong, making it not easy to break through. If it can stabilize above 2800 for a long time, along with some positive narratives, it is expected to perform well.