Share the current market analysis.
Weekly:
Last week, a slightly increased volume bullish candle was formed, encountering a dense transaction area from the previous upward trend, which poses some pressure. We will observe whether it stabilizes and consolidates here to build momentum for a breakthrough or continues to rise. Currently, no reversal signal has appeared; it has only reached the vicinity of the pressure zone.
Daily:
Last week, the analysis indicated that breaking through the recent descending trend line means a trend change is imminent. As time goes on, the market has broken through the neckline at 88772 with increased volume, and it is now approaching the upper boundary pressure zone of the oscillation range 78197-95152. Currently, the upper pressure level is quite strong and not easy to break directly, which may require a pullback. If a clear volume stop-loss signal appears at the support zone of 88772 during the pullback, a good buying point will emerge. Next, we will observe the subsequent K-line for additional judgment.
Summary:
The weekly level background is in the mid-term bull market, in an adjustment cycle. After the adjustment ends, a new round of upward trend will begin. The current market is in a rebound process, and no significant stagnation signals have appeared. We will continue to observe the details of the subsequent K-line for additional judgment.
The daily level trend background is an upward trend, having broken through the recent descending trend line, with increasing volume indicating bullish momentum breaking through the neckline. Highs and lows are gradually moving up, with short positions decreasing and long positions increasing. Various clues indicate that the current market is in an upward trend; this timing is suitable for finding buying points during pullbacks.
The market in the past two weeks aligns well with the expected judgment. Last week, Bitcoin ETF saw a net inflow of 3.033 billion USD, and Ethereum ETF had a weekly net inflow of 205 million USD. The market is gradually warming up; continue to hold patiently.