8.11-8.17 Qianyu Weekly Summary of Bitcoin and Ethereum

At the moment of opening our eyes, the K-line's movement signifies new life! The choice at this moment is unrelated to the rise and fall of bullish or bearish trends. The fluctuations are the pulse of the crypto world; if we anchor ourselves with determination and steer with wisdom, we can carve out our own life's milestones in the waves. Don’t be bitter; there is no permanent absence in this world, nor any situation that cannot be resolved. The market's breathing is sometimes fast and sometimes slow; some people are thrown off by the rhythm, while others keep in step with the wise. Next week, the market will continue; some are destined to stay up late watching the market, while others have already kept pace with Qianyu— which one will you choose?

This week, Bitcoin bulls performed brilliantly, stabilizing around 116400 at the beginning of the week before launching strongly, peaking at 122000. After a brief pullback to around 118500, stimulated by favorable CPI data, it surged again, setting a historical high of 124500 that completely ignited the enthusiasm of crypto investors. However, the new high could not be maintained, and the price subsequently exhibited a stepwise decline, currently testing the critical support level of 118000. Although facing short-term pressure, the overall bullish structure remains unchanged; the 118000-118500 area is both this week's low point of the pullback and the previous breakout level. If it can stabilize here, another upward trend is expected. Ethereum's performance is highly synchronized with Bitcoin. After stabilizing around 4160 at the beginning of the week, Ethereum began a strong rise, continuing until Thursday when it directly broke through to a new high, reaching a peak of 4789. It also could not maintain its position, subsequently retreating to a low of 4367, and is currently fluctuating around 4550.

This week's market momentum is strong, with Qianyu achieving remarkable results: 17 long positions and 7 short positions in Bitcoin, accumulating over 35000 points in profit; Ethereum also performed excellently, with 17 long positions and 8 short positions, securing over 2900 points in profit. Recently, Qianyu's strategy execution rate has consistently maintained 100%, with accuracy exceeding 90%. It’s important to remember that the market never has eternal sunny days, nor does it have a night that never ends; the rise and fall is merely its natural breathing rhythm.

Next week, Qianyu will continue to strive with full force, leading students to ride the momentum and sprint towards higher goals!