BTC Market Analysis:

The daily level has continuously closed with gains, and the price has rebounded to the key resistance level near $120,000. Last week, it broke below the support at $116,000, with a minimum drop to around $115,000. According to conventional trends, the rebound resistance should be in the $117,000-$118,000 range, and then it may continue to retrace to the $113,000-$114,000 range. However, the market has shown strong performance, directly breaking through the resistance and returning to around $120,000, preventing the downward channel from fully opening.

This week’s focus:

Key support level: Daily level at $116,000. If broken, it may further drop to the $113,000-$114,000 range.

Short-term resistance: Pay attention to the $117,000-$118,000 range at the four-hour level. This position is the key resistance area after the rebound, and it is essential to closely monitor whether the price can stabilize.

Operational advice:

The current price is close to the $120,000 resistance level. You may consider short positions for short-term trades, with a stop loss at $120,800 and targets aimed at the $116,000 and $113,000-$114,000 ranges.

ETH Market Analysis:

ETH has been extremely strong, with a potential challenge of the $4,000 mark this week. The previous high was $3,860, and it has already surpassed $3,900 today, just a step away from the target.

This week’s key points:

Closing pattern: If this week continues to close with gains, then the retracement at the beginning of next month may be limited, and the market may only adjust temporarily before attacking again; if a deep retracement occurs this week (such as a solid bearish candle or a long upper shadow bearish candle), it may drop to the $3,200-$3,400 daily support range.

Short-term support: Pay attention to the $3,720-$3,760 range during the day. If broken, there is a high probability of a bearish close this week, increasing the risk of retracement.

Operational advice:

Aggressive traders may attempt light short positions in the $3,900-$4,000 range, with a stop loss at $4,050 and targets aimed at the $3,700-$3,600 range; if it retraces to the $3,500-$3,600 support, consider setting long positions to speculate on subsequent rebounds.

This week, BTC focuses on the $120,000 resistance and the $113,000-$116,000 support range, while ETH closely watches the $4,000 mark and the $3,500-$3,600 support area, flexibly responding to breakout or retracement trends. #ETH重返3800