【Bitcoin Market: Fluctuating Upward, Challenging Key Levels】

The curtain on the new week has already risen. After a weekend of fluctuations and consolidation, the Bitcoin market has now steadily risen, showing strong performance, with the overall trend exhibiting a fluctuating upward pattern. In the morning, Bitcoin began its journey from a low of 84719, and then steadily rose, with bullish forces still firmly in control. As of now, the price is testing the resistance level around 86500. From the morning's pattern analysis, the price still has space to continue to rise and test the previous high at around 87500. This key level not only served as a support level during the previous breakout but is also a critical defensive area for the bulls. If it can successfully stabilize above this support level during the pullback, the market is likely to maintain an upward trend.

【Ethereum Market: Fluctuating After a Rebound, Focus on Resistance Break】

The trend in the Ethereum market is quite similar. Ethereum rebounded strongly from the support level of 1979, reaching a high of around 2020. However, due to a weakening buying momentum in the market, Ethereum has not been able to achieve further breakthroughs and instead entered a relatively stable range of fluctuations. Although the bulls are striving to push the price upward, the price has remained hovering around the middle band and has not released strong signals for a rise. Looking ahead, if it cannot firmly stand above the middle band, the market is likely to operate in a wide fluctuation pattern in the short term. In the 4-hour chart, the short cycle shows a strong bullish trend, with consecutive bullish candlesticks pushing the price to break through the upper band again. In the future, pay close attention to the resistance situation around the previous area of 2065. If it cannot effectively break through upward, consider adopting a short strategy; if it can successfully break upward, then it would be advisable to go long.