A week has passed in the blink of an eye, as if it was just yesterday that it was unsealed, and now it has come to an end. Some are happy, some are worried. This week's market trend is primarily characterized by a one-sided volatility trend, with Bitcoin continuously reaching new highs. Zhuo Wei also led his team of students to successfully seize this wave of explosive growth, finishing the week with a record of 26 wins and 1 loss in live trading. Bitcoin successfully captured 23660, and Ethereum at 479. During this period, three students also successfully made profits. Still, the same saying goes: the market is always there as long as there is trading, the important thing is whether you can grasp the market opportunities and whether your operations are standardized. Blind operations will only lead to self-inflicted wounds. Don't keep hitting the south wall; change your thinking, and you will find that the cryptocurrency market is actually very simple. Leave professional matters to professionals.
From the daily cycle analysis, the BTC price continues to operate in the upper band area of the Bollinger Bands, continuously refreshing new highs. The upper and middle bands of the Bollinger Bands maintain an upward divergence, and the slope of the opening of the bands is steep, indicating that the bullish trend's momentum continues to be released, dominating the market's operating rhythm. The four-hour level shows typical strong consolidation characteristics: the three bands of the Bollinger Bands present a converging upward shape, with prices completing a high-level oscillation to accumulate energy, constantly testing key resistance levels to confirm the effectiveness of support. Currently, during the closing process of the bands, the volume is synchronously shrinking, consistent with the volume-price characteristics before stabilizing at a high level. Once the range breakout is completed, the bullish trend is expected to continue expanding, pushing prices towards higher ranges. After experiencing a narrow range oscillation over the weekend, the price has gradually rebounded from the lower boundary of the adjustment range. The short-term moving average system shows signs of curling up after bonding, indicating that the short-term adjustment is coming to an end, and bullish momentum is accumulating again. For the layout next week, we will still follow the trend, focusing on volatility.
Bitcoin trading advice: 118000-117500 range volatility, target 12, break to see 13.
Ethereum trading advice: volatility near 2950, target 3100.
