The market on Friday has completely ended. This week's trading days have been quite unexpected. The sudden surge in the evening, stimulated by institutions, main forces, and news, caused BTC to rise directly to the 117500 line, and ETH to rise to the 4850 line, breaking new highs. Old Wang was quite busy during the day due to various matters, so he didn't provide everyone with organized charts and records. However, the correctness can be seen from the ideas shared by Old Wang during the day, all of which are accurate. Friends who have reached the extreme pattern might even see ETH take a space of 800 points. Now let's analyze the subsequent market trends.
After the fierce surge in the market in the evening, market sentiment remains high. ETH successfully broke through 4800, creating a new high. Currently, the market is only undergoing a correction after the evening's surge, and we still expect a bullish trend in the future.
From the 4-hour chart observation, the rapid surge in coin prices has entered a seriously overbought state, and there has not yet been an effective correction. From a technical perspective, ETH's price is expected to rise in the short term, while BTC's price is leaning towards a fluctuating upward trend. The market greed-fear index is 51, so to be cautious, Old Wang suggests laying out a strategy of buying on dips.
Trading advice:
Buy Bitcoin at 116000-116500, targeting 118000.
Buy Ethereum at 4780-4800, targeting 4900.