The time point has arrived at the last day of this week. Bitcoin has achieved an effective breakthrough compared to last week, with a significant overall increase. Bitcoin peaked at around 95,700, and Ethereum has warmed up to around 1,850. We continue to layout based on the daily news, macroeconomics, and trend directions. Overall, the remaining rate is relatively considerable, and the market situation has always been present. Old Lv has also been around. If one cannot have a basic understanding of the market structure and does not pay attention to macroeconomics and policies, trying randomly in this crypto market will ultimately lead to being completely devoured!
From a weekly perspective, Bitcoin, after hitting a bottom at around 85,000, has been on a one-sided upward trend, experiencing a continuous rise and finally stabilizing above 90,000. Currently, it is oscillating in a range between 93,000 and 95,000. We still pay attention to the changes in support and resistance levels. The macro environment is slowly recovering. If the interest rate cut strategy is implemented, then the favorable trend will continue. Ethereum is focusing on changes near 1,730, with the trend following the rhythm of Bitcoin. The weekly candlestick has formed a large bullish upper shadow, and the price comparison is still in the trend of Lido. The daily chart shows a correction at the upper track, wanting to continue the next wave of market surge, specifically looking at Old Lv's real-time strategy.
Buy Bitcoin near 94,000-93,700 Target around 95,000
Buy Ethereum near 1,790-1,800 Target around 1,840
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