#BTC重返10万 $BTC This week's market is about to conclude, and we can say that it is once again welcoming the highlight moment of Bitcoin. Ethereum is also living up to expectations, having already reclaimed the 2500 mark. Let's briefly review this week's market; Bitcoin initially dropped to the 93327 line at the beginning of the week, then stabilized below, continuously breaking through the upper resistance levels. It has now risen to the highest point of around 105000, which is not far from our previous high of 110000. Ethereum's lowest point at the beginning of the week was around 1750, and it has now risen to around 2608, displaying a strong upward trend. At the beginning of the week, we treated the wide-ranging volatile market with a back-and-forth approach between long and short positions, while at the end of the week, we basically adopted a strategy of buying on dips, maintaining a long position throughout. Our participation this week has reached new heights, ending the week with a series of victories.
From the Bitcoin weekly chart, it can be seen that the price has made five consecutive upward recoveries. After last week's solid bullish candlestick, this week formed a doji star bullish candlestick overall, and after some consolidation, the candlestick moved upwards again. The weekly chart has indeed formed a stepped upward pattern, and next week it may again exhibit this pattern, primarily showing fluctuations at high levels. After a correction, we may see another surge in the following week, and by then, Bitcoin is sure to reach a historical new high. However, we cannot rule out the possibility of next week continuing this week's strong trend, after all, we are just one step away from the previous new high. The monthly chart also continues the upward trend established by last month's large bullish candlestick. Bitcoin has brought us many miracles and is the best witness to these miracles. Overall, in terms of trends, we should participate in line with the trend and not just focus on single trades, avoiding blind guesses at the peak. If you struggle to grasp the market rhythm, Old Li can fight alongside you in this circle until the end.
Bitcoin may rise to around 110000 next week, and Ethereum may rise to around 3300.