The current market has reached a critical point, and these key points must be closely monitored! From the weekly chart, after a substantial surge, Bitcoin's trading volume has skyrocketed to recent peaks—when has there ever been a market that only goes up without any downturns? The more outrageous the rise, the more vigilant we must be. Once a significant correction comes, many will panic. Moreover, this upward movement has already touched the previous downtrend starting point and key resistance line, so we must be fully alert moving forward.
Now looking at the daily chart, the moving averages have significantly diverged from the candlesticks, severely deviating from normal values. In this situation, continuing a one-sided rise is simply unrealistic; it is highly probable that we will enter a consolidation phase next. For those holding long positions, it’s time to reevaluate the entry points, as we still haven’t seen a decent correction for adjustment.
From tonight until Saturday morning, here are the trading suggestions: If Bitcoin drops to around 107300-107000, you can cautiously enter long positions, targeting 109500; for Ethereum, look for opportunities to go long around 2470-2450, with an initial target of whether it can break through the 2600 mark.