安格加密

$BTC
Share the current market analysis.

Weekly:
Last week closed with a narrow-volume bearish candle, forming a bearish engulfing pattern. However, due to weak short selling volume, the bearish effect may be weakened. After seven consecutive bullish candles, it encountered significant resistance near 108364, so the possibility of a correction is relatively high. It is advisable to observe the daily-level fluctuation range to increase the judgment basis for the strength of bulls and bears.

Daily:
On May 27, a small bearish candle with upper and lower shadows was formed, indicating intense competition between bulls and bears. The position is near an important resistance level, above a steep upward trend line. Soon after, it began to increase in volume and broke below the upward trend line. The recent support range is around 100764, so the market is likely to fluctuate within the range of 100764-112000. On the 31st, a stop-loss signal appeared, but the volume of the bulls decreased, making the stop-loss effect relatively weak. Observe whether a strong stop-loss signal appears again near 100764 to enhance the stop-loss effect.

Summary:
The background at the weekly level is a transition from mid-bull market to late bull market, currently in an adjustment cycle. The market is hovering near an important resistance level. A volume breakout above the important resistance level, followed by a retest and stabilization, will likely initiate the next upward trend.

The trend background at the daily level is an upward trend. The rise from 74434 to 112000, lasting 45 days, has ended and entered an adjustment cycle. It is currently fluctuating within the range of 100764-112000. Observe the strength signals of bulls and bears within the fluctuation range to increase the judgment basis.

Yesterday, the monthly candlestick was closed. Bitcoin does not show a significant pattern, but Ethereum's monthly candlestick formed a volume-increasing doji morning star at an important support level, indicating a stop-loss signal, which means the monthly pullback has ended. This trend is driven by the reversal on the daily level, which led to a reversal on the weekly level, and now the monthly level is also starting to reverse. Smaller cycles drive larger cycles, and larger cycles suppress smaller cycles. Therefore, from the monthly perspective, June may have a good market, so continue to hold patiently.

$BTC
Share the current market analysis.

Weekly:
Last week closed with a small bullish candlestick on high volume compared to several exchanges, with long upper and lower shadows indicating fierce competition in the pressure zone. Currently, there is no clear sign of stagnation. It broke through the previous pressure level of 108364 but has not yet stabilized. We will observe whether it continues to stretch. After a clear pullback and a prolonged stabilization in the 108364 range, if a clear stop-loss signal appears, the probability of a true breakthrough will be relatively high. Subsequent K-line details will provide more judgment basis.

Daily:
The current market situation basically aligns with last week’s judgment. After breaking through the symmetrical triangle, it tested historical highs, reaching around 112000. Currently, after breaking through the important pressure level of 108364, it encountered selling pressure, forming a bearish engulfing candlestick on high volume. The bearish pattern appearing in the pressure area will strengthen its effectiveness. Additionally, this stretch from the low to the high lasted for 45 days, indicating a demand for adjustment. It is relatively close to the upward trend line. On May 24, a small volume inside bar was formed, indicating a consolidation phase. Therefore, the possibility of consolidation in the pressure zone is increasing, and there have not yet been significant top signals. We will observe subsequent K-line patterns to provide more judgment basis.

Summary:
The weekly trend background is in the mid-term bull market, currently in an adjustment cycle. It has broken through the pressure zone with high volume but has not yet stabilized. After a prolonged stabilization following a pullback, it is likely to initiate a new upward trend.

The daily trend background is in an upward trend. After breaking through the pressure zone, it was pushed down, forming a bearish pattern, indicating a potential need for adjustment. However, due to the upward trend background, the effectiveness of the bearish pattern will be weakened. We will observe whether strong top signals appear subsequently to increase the judgment basis.

Some strong altcoins are following Bitcoin's trend, while most altcoins are following Ethereum, which is in a consolidation trend. Ethereum's weekly close formed a small bullish candlestick with upper and lower shadows without a clear pattern and is still in a consolidation cycle. The daily level has formed a rectangular consolidation range around 2323-2738, with volume increasing on the rise and decreasing on the fall, still within a healthy upward trend but encountering important pressure levels during the adjustment cycle. Continue to hold patiently.

$BTC
Share the current market analysis.

Weekly:
Last week closed with a small bullish candle with a lower shadow, indicating that there is some support below, and no obvious signs of stagflation have appeared yet. The MACD has formed a golden cross above the zero line, so it is likely to continue testing the resistance near historical highs. We will observe whether clear reversal signals appear in the resistance zone to increase the basis for judgment.

Daily:
On May 9, the closing formed an engulfing line, after which it oscillated for 9 days, gradually forming a small symmetrical triangle continuation pattern. On May 18, a medium bullish candle closed with increased volume, breaking through the upper boundary of the symmetrical triangle. After a subsequent pullback and stabilization, the market is likely to continue testing the resistance near historical highs. We will continue to observe the subsequent candlestick patterns to increase the basis for judgment.

Summary:
The weekly trend is in the mid-term of a bull market, within an adjustment cycle. If it breaks out with volume and stabilizes above 108364, it will initiate a new upward trend. We will observe whether it breaks through or continues to test the resistance zone repeatedly.

The daily trend is in an upward trend, and there have not yet been any significant signs of stagflation reversal. However, the buying power is gradually weakening, having been stretched for 42 days, indicating a need for adjustment. We will observe whether this historical high pressure zone forms a continuation pattern or a reversal pattern to increase the basis for judgment.

Ethereum and most altcoins' weekly closing is in an engulfing line pattern, which belongs to a consolidation line. After a stretch, there is a need for adjustment. Currently, most are in an adjustment phase within the daily upward trend. We can observe the strength of bulls and bears during the adjustment cycle to determine whether it is a continuation pattern or a reversal pattern.

Share the current market analysis.

Weekly:
Last week, a slightly increased volume bullish candle was formed, encountering a dense transaction area from the previous upward trend, which poses some pressure. We will observe whether it stabilizes and consolidates here to build momentum for a breakthrough or continues to rise. Currently, no reversal signal has appeared; it has only reached the vicinity of the pressure zone.

Daily:
Last week, the analysis indicated that breaking through the recent descending trend line means a trend change is imminent. As time goes on, the market has broken through the neckline at 88772 with increased volume, and it is now approaching the upper boundary pressure zone of the oscillation range 78197-95152. Currently, the upper pressure level is quite strong and not easy to break directly, which may require a pullback. If a clear volume stop-loss signal appears at the support zone of 88772 during the pullback, a good buying point will emerge. Next, we will observe the subsequent K-line for additional judgment.

Summary:
The weekly level background is in the mid-term bull market, in an adjustment cycle. After the adjustment ends, a new round of upward trend will begin. The current market is in a rebound process, and no significant stagnation signals have appeared. We will continue to observe the details of the subsequent K-line for additional judgment.

The daily level trend background is an upward trend, having broken through the recent descending trend line, with increasing volume indicating bullish momentum breaking through the neckline. Highs and lows are gradually moving up, with short positions decreasing and long positions increasing. Various clues indicate that the current market is in an upward trend; this timing is suitable for finding buying points during pullbacks.

The market in the past two weeks aligns well with the expected judgment. Last week, Bitcoin ETF saw a net inflow of 3.033 billion USD, and Ethereum ETF had a weekly net inflow of 205 million USD. The market is gradually warming up; continue to hold patiently.

Share the current market analysis.

Weekly:
Last week, a small bullish candle with reduced volume was formed, encountering the resistance zone of the dense trading area at the upper 105 days, so it is not easy to break through. This small bullish candle confirmed the effectiveness of the previous volume-increasing stop-loss signal. However, as it approaches the resistance zone, more volume is needed to break through, and only when it stands firm after the breakthrough can it be considered a true breakout. Observe whether the subsequent bullish volume will be released or if it will continue to oscillate and consolidate.

Daily:
Since April 17, it has gradually broken through the recent downward trend line, indicating that a trend change is about to happen. However, there has not been a significant release of bullish volume, and it is getting closer to the upper resistance zone. Observe whether there will be a volume breakout above the 88772 resistance zone. From the delineated oscillation range of 78197-95152, it can be seen that the bearish volume is gradually weakening while the bullish volume is beginning to strengthen, but there are no obvious signs of higher lows yet. Observe the pullback after this rebound encounters resistance, and then analyze the details to judge the strength of bulls and bears.

Summary:
The weekly level is in the context of a mid-term bull market, currently in an adjustment cycle. After the adjustment ends, a new round of upward trend will soon begin. The current market is still hovering within the oscillation and consolidation zone, waiting for the release of bullish volume.

The daily level is in the trend context of a downward continuation, but three attempts near the low point have not actually broken through the lower support zone, so the probability of bottoming is relatively high. Currently, it is in a rebound market, observing whether the subsequent market will have a volume breakout and stabilize above the 88772 resistance zone. If it breaks through, it will enhance the probability of a market reversal.

From a technical perspective, it can be seen that the weekly level of Bitcoin and Ethereum, including most altcoins, shows signs of bottoming out. Coupled with the favorable fundamentals for Ethereum, Hong Kong is the first to pass Ethereum staking, which provides good support for Ethereum series tokens. Therefore, hold patiently as the overall trend has not changed.

Share the current market analysis.

Weekly:
Last week, a bullish candle with a lower shadow was formed, with increased volume. The combination pattern is a bullish engulfing. Since the week of March 10, when a bullish harami indicated a stop in the decline, another significant stop signal has appeared with increased volume. The lower shadow indicates a test of the important support level below, so the stop signal near this key support level will be strengthened.

Daily:
On April 7, it broke the 78197-95152 fluctuation range with increased volume but quickly recovered, forming a volume bullish harami stop signal. The long lower shadow indicates strong support below. After a subsequent momentum decline, it returned to the fluctuation range, gradually rebounding to near the recent descending trend line. This morning, it formed a shrinking bearish pattern, encountering upper pressure. Increased volume is needed to break through. Within this 78197-95152 fluctuation range, it can be observed that each wave of decline sees the bearish volume gradually decrease from increased to decreased volume, while the bullish volume gradually begins to increase. Over time, more details of the bottoming process will emerge, enhancing the probability of a bottom formation.

Summary:
The background of the weekly level is in the mid-stage of a bull market, currently in an adjustment phase. After this adjustment, it is highly probable that it will enter the main upward wave, which is the later stage of the mid-bull market. The current market has formed a stop signal with increased volume, appearing near important support levels, reinforcing the effectiveness of the stop.

The trend background at the daily level is a downward continuation. The third test of the important support level below has shown multiple stop signals with increased volume, enhancing the probability of a bottom formation. It is currently rebounding to near important resistance levels, indicating a rebound but not yet a reversal, so observe the subsequent market to confirm the bottoming situation.

The probability of a rate cut in May has risen to 39.8%, and the impact of tariff events has eased market sentiment. Ethereum formed a bullish candle with long upper and lower shadows at the weekly level with increased volume, combining to form a bullish harami, indicating a consolidation trend. Therefore, it is highly probable that the market has stopped declining and is entering a consolidation trend. Continue to hold patiently or build cash flow during this fluctuation period to increase positions.

Share the current market analysis.

Weekly:
Last week, a long upper shadow bearish candle was formed, breaking below the second long-term upward trend line, which indicates a volume shrinkage breakdown. There are signs of weakening bearish momentum, currently lingering in the 76600-88772 fluctuation range, getting closer to the strong support area below. Observe the subsequent market; if it gradually approaches the last rebound high of 73794, we should watch for a potential stop-loss signal near the densely traded support area over the past 238 days.

Daily:
On April 2, the high point of 88563 was tested again but was pushed down by the bears. On April 6, there was a significant volume breakdown of the recent upward trend line. Currently, it is hovering near the lower support area of the fluctuation range 78197-95152, where there is some support. Observe if a stop-loss signal forms here to strengthen the judgment basis.

Summary:
The weekly level background is in the mid-phase of a bull market; the overall trend has not been broken, belonging to an adjustment period. The adjustment period has been relatively long, and after it ends, it is likely to enter the mid-phase of a bull market, which is the main upward wave stage.
The current market has not yet stopped falling, and the lower support is strong, awaiting a clear stop-loss signal to appear.

The daily level trend background is a downward continuation; the third test of the low point is nearing the lower support area of the fluctuation range. We should observe if a stop-loss signal appears; if it does, the probability of a bottom formation increases. If it continues to break down with increased volume, then it will look for a lower support area to rebuild the bottom.

The Ethereum Prague upgrade is scheduled for May 7. After the upgrade, the fundamentals of Ethereum will improve, while the capital aspect has not fully released positive news. Interest rate cut expectations may come in the second half of the year, with at least two rate cuts anticipated this year. From an emotional perspective, the market is extremely fearful, no longer believing in a bull market, and generally thinking a bear market is coming. Subsequently, there will only be rebounds, not a bull market trend. Moreover, the entire market has not yet shown a profit effect or a state of retail investors' crazy FOMO. In summary, considering the technical aspects, capital aspects, emotional aspects, etc., it can be determined that we are still in the bull market cycle.

$BTC
Share the current market analysis.

Weekly:
Last week, a narrow-volume bearish candle was formed, which is close to the support level of the second long-term uptrend line. The closing combination pattern is bearish, but the support below is relatively strong, so it is inclined to continue to maintain a range-bound market, with a fluctuation range of 76600-88772.

Daily:
On March 24, the price rebounded to 88772 and encountered resistance near the upper descending trend line, after which it was pushed down by the bears. The market is still above the uptrend line, and this morning a small bearish candle with low volume was formed. Currently, it is in the third wave of decline after two waves of rebound, and there are no obvious signs of stopping the decline. It is worth observing whether subsequent K-lines show signs of stopping the decline.

Summary:
The weekly trend background is a mid-cycle bull market, in an adjustment period, with a closing formation showing a narrow-volume bearish pattern. However, the lower part belongs to the dense trading area of the previous consolidation of 238 days, which has strong support, so the probability of continuing to maintain the range-bound area is relatively high.

The daily trend background is a downward continuation, with strong support below, belonging to the third test of the low point support level. If an obvious stopping signal appears again, the probability of bottoming out will continue to increase, which will gradually enhance the likelihood of a reversal. Observe whether the bulls' volume increases in the future.

Macro-wise, the expectations for interest rate cuts in July, September, and November are relatively strong, while the Ethereum Prague upgrade date is tentatively set for April 30. Expectations for interest rate cuts in May and June are starting to weaken, and the overall market sentiment is relatively sluggish. Still, as the saying goes, the long-term trend is difficult to manipulate by major players; at most, they can influence the short-term trend. As long as the long-term trend remains unchanged, be patient in holding, or during this period, create cash flow to gradually increase positions.

Weekly:
Last week, a small upward candle with reduced volume was formed, without any patterns appearing, only confirming the effectiveness of the stop-loss signal from the week before last. It is hovering above the long-term upward trend line support, with a rebound in reduced volume, and is gradually approaching the upper pressure zone, so it is highly likely to continue maintaining a volatile consolidation trend.

Daily:
On March 19, a bullish engulfing pattern with increased volume was formed, attempting to break through the mid-line pressure, but was pushed down by the bears the next day. After two days of volatility, it managed to reestablish itself above the mid-line this morning, but the volume has clearly decreased (not excluding the factor of low trading volume over the weekend). It is still hovering below the 50% mark of the 78197-95152 fluctuation range, with the bears temporarily holding the advantage. However, it can be observed that the bearish volume from the two downward waves is gradually weakening, so we should observe whether the bullish volume will gradually strengthen in the future. Therefore, at this stage, the tendency is to continue maintaining volatility; it is still a rebound and has not reversed. A reversal requires a breakout with increased volume and a stable position above the descending trend line and neck line at 92000-95000.

Summary:
The trend background at the weekly level is in the mid-term of a bull market, in an adjustment cycle, pulling back to just above the recent long-term upward trend line, with only one signal indicating a stop in the volatility, and no other patterns have appeared yet, so we will observe whether any emerge in the future.

The trend at the daily level is in a downward continuation after a reversal pattern, with strong support below, extending the volatility cycle, increasing the probability of bottoming out. It has currently established itself above the mid-line, and whether it can maintain this position needs to be observed in terms of subsequent volume.

As the volatility cycle of Bitcoin and Ethereum extends, the probability of bottoming out continues to increase, and the candlestick patterns are relatively clear. Now, two points need to be clarified: first, from a technical perspective, this wave of the bull market belongs to a slow, large bull market cycle and will not be as smooth as the previous bull market. With the major trend still in place, altcoins will rise. The previous bull market also experienced such a washout cycle; it’s just that the major trend background is different, leading to different washout methods. Second, from a macro perspective on interest rate cuts, once a rate cut cycle starts, it will not stop, it will just be delayed for a while. With the changing seasons, there can still be a late spring chill. In summary, since the major trend background has not changed, patience in holding is sufficient.

Share the current market analysis.

Weekly:
Last week closed with a small bullish candle with slightly increased volume, forming a pregnant line pattern, which indicates that the market has stopped falling and is entering a consolidation phase. It is currently above the long-term upward trend line, and the previous trend's high point has formed a significant concentrated trading area support level here, which is an important support level, thus enhancing the effectiveness of the stop-loss signal.

Daily:
On March 11, it tested the support level downwards and broke the low of the previous hammer candle, but the break was not significant and quickly returned to form a medium bullish candle. This combination shows an increased bullish engulfing stop-loss signal, and it is still in the rebound process. Currently, it is facing resistance at the middle track, with the overall rebound being weak and still below the 50% fluctuation of the consolidation range 95302-78197, indicating that the bulls do not hold an advantage, and the overall trend is still in a downward continuation. We will observe whether the subsequent K-lines continue to form multiple strong stop-loss signals here.

Summary:
The trend background at the weekly level is in the mid-bull market, in an adjustment cycle, still above the long-term upward trend line, having stopped falling near an important support level, which has enhanced the effectiveness of the stop-loss signal.

At the daily level, the trend is in a downward continuation, but the lower support area is a concentrated trading area for 230 days, which has strong support. As the consolidation period elongates, there is a probability of forming a bottom here.

Both Bitcoin and Ethereum are in an adjustment cycle. From the weekly closing perspective, Bitcoin is still slightly stronger. The overall market sentiment is very poor, and there is no significant positive narrative emerging. During this gap, the probability of consolidation is higher. It remains to be seen whether the expectations of interest rate cuts in June will be speculated upon; I still believe in the pattern, patiently holding assets and waiting for the bloom.

Share the current market analysis.

Weekly:
Last week, a long bearish candle with increased volume was formed, failing to stabilize above 90,000, and breaking below the consolidation range. However, it is relatively close to the long-term upward trend line, where support is strong. This area is part of the 238-day dense trading zone formed during the previous spike. Observe whether the support zone of the previous hammer candle can show signs of a stop-loss.

Daily:
After rebounding to the resistance zone of 95,000 on March 2, selling pressure was encountered. Following a stop-loss signal on March 4, there was a rebound but was once again suppressed. Currently, it is consolidating within the range of 95,302-78,197. This morning, a long bearish candle was formed, contrasting with the previous bearish volume gradually decreasing as it declines. Observe whether there are stop-loss signals near the support around 78,197, and then assess the effectiveness of the stop-loss based on the strength of the signals.

Summary:
The weekly level is in the context of a mid-bull market, transitioning from a consolidation trend to a declining trend. However, the lower part is an important support level for the long-term upward trend line, and the support from the dense trading zone formed during the previous upward trend is also strong, making it difficult to break below. Observe whether a clear stop-loss signal appears here.

At the daily level, the consolidation pattern has shifted to a reversal pattern, entering a downward trend. However, due to strong support below, observe whether a strong stop-loss signal can emerge to enhance the judgment basis.

Currently, both Bitcoin and Ethereum are above important support levels, and it depends on the signals given by subsequent candlesticks. The current market sentiment is relatively gloomy, with most favorable news already released, and the market lacks narrative. The expectation for a rate cut in March has basically disappeared, while the expectation for a rate cut in June is relatively high. Therefore, it depends on whether the main force can create a new narrative to drive market activity.

Share the current market analysis.

Weekly:
Last week ended with a small volume bullish doji, still showing a balance between bulls and bears, with no obvious trading volume, lingering within a consolidation range. Since this is an important support level and above the middle band of the Bollinger Bands, as long as there is no significant volume leading to a drop below the support level, we should wait for signs of a stop-loss signal to strengthen the stop-loss effectiveness near the support level.

Daily:
On February 18, there was another test of the low, which quickly rebounded to form a hammer-like candlestick. The next day indicated a stop-loss signal, creating a smaller consolidation range. Since February 3, it has been in a 21-day fluctuation with weak rebound strength. We should observe whether the subsequent market rebound can break through the resistance zone of 100185-102569 with significant volume. As long as it stays above 100,000 for a long time, the bulls hold an advantage, and further K-line analysis will increase the basis for judgment.

Summary:
The trend background at the weekly level is a mid-stage bull market, in a consolidation after an upward trend, with no obvious stop-loss signal yet. Since it is also an important support level, the probability of continuing to maintain a consolidation phase is relatively high.

At the daily level, it is in a consolidation following an upward trend. The details given by this consolidation range suggest that the probability of continuing patterns is higher than that of reversal patterns. We will observe more K-line details to increase the basis for judgment.

Bitcoin is still in a consolidation phase, while Ethereum's weekly performance is decent. It has shown slightly increased volume with a morning star, indicating a strong stop-loss bullish pattern. It is also near an important support level of the trend line, but the resistance above is quite strong, making it not easy to break through. If it can stabilize above 2800 for a long time, along with some positive narratives, it is expected to perform well.

Share the current market analysis.

Weekly:
Last week closed with a small doji candle on low volume, indicating a balance between bulls and bears. This week, many are waiting and watching, with no significant trading volume and no clear signs of a bottom. It can only be said that the market will continue to oscillate within the range of 108364-89865, as it is near the lower support level, which is not easy to break. Therefore, we should observe whether a bottoming signal appears within this range.

Daily:
Since the bottoming on the 2nd and 3rd, the market has been in a small oscillation range for two weeks. During this time, several bottoming signals were recorded, but the overall volume comparison is not very strong, so it may continue to oscillate. This morning's closing shows a bearish pattern, but the bearish volume is relatively weak, and the lower part is also an important support level, waiting for more candlesticks to develop.

Summary:
The background of the weekly level is in the mid-term bull market, currently in a consolidation phase after an upward trend, with no clear bottoming signals yet, so it is likely to continue to maintain an oscillating consolidation market.

The daily level is still in a consolidation phase after the upward trend, overall remaining above the trend line, so the lower support level is relatively strong, waiting for clear bottoming signals to appear to increase the strength of the bulls.

Compared to the weekly chart of Bitcoin, Ethereum and most altcoins have closed well this week. Ethereum recorded a bullish engulfing bottoming signal, indicating that the market is beginning to enter a consolidation phase. Most altcoins also recorded bottoming signals, with weaker ones showing a bullish engulfing or doji pattern, while stronger ones displayed a piercing pattern. However, the bottoming volume is relatively weak, so it may continue to oscillate, with some stronger coins reacting earlier.

Many people hold a pessimistic view on the liquidity aspect of the March interest rate cut, which might be a good thing. This is because there are many factors that affect the market, including policy, fundamentals, news, etc. The overall trend background has not been broken, so holding spot patiently is sufficient.

Share the current market analysis.

Weekly:
Last week's closing formed a star candlestick with slightly stronger volume comparison and upper and lower shadows, indicating fierce competition between bulls and bears. There is no obvious pattern here, and it is relatively close to the lower support zone of 89865, so observe if there are any significant signs of a bottoming out in this zone during this week.

Daily:
On February 3rd, there was a rapid spike in the market, resulting in a strong bullish engulfing candlestick, which means the market has stopped falling. The subsequent phase is a consolidation after the bottoming out, and this morning's close was a doji, indicating a balanced market. Currently, the price is above the recent downward trendline and above the long-term upward trendline. Additionally, the comparison of buying and selling volume in the consolidation zone shows that the bearish volume is gradually weakening while the bullish volume is beginning to show signs of strengthening. However, there has not yet been a second significant sign of a bottoming out, so observe subsequent closes to increase the basis for judgment.

Summary:
The background of the weekly level is in the mid-stage of a bull market. This wave of the bull market has previously emphasized a slow bull, so the cycle will be relatively long. Currently, it is in a consolidation phase after a wave of upward trend, and there has not yet been a significant sign of a bottoming out, so observe if it appears this week.

The daily level is in a consolidation phase after the end of an upward trend, currently still within the upward trend. The details given by the consolidation zone indicate that the probability of a continuation pattern is stronger than that of a reversal pattern, and it is above the trendline, so the market has not turned bad, awaiting clearer bottoming out signals.

The Ethereum Prague upgrade time has been set, with the testnet upgrade on March 6 and the mainnet upgrade on April 8. Looking at Ethereum's candlestick, the weekly close formed a strong volume bearish hammer candlestick, which is a bottoming signal, and it has not broken below the long-term upward trendline, pulling back to the neck level of the weekly candlestick. Therefore, overall, it is still within a controllable range. Currently, it is in a consolidation phase for accumulation after a wave of downward trend. Next, we can observe the details within the consolidation zone. The altcoin market has shown severe differentiation, with many weak coins starting a new trend cycle. However, since the direction of the overall market has not changed, it is likely still in a washout process, and coins with narratives in the later stages are expected to perform well.

Share the current market analysis.

Weekly:
Last week closed with a shrinking bearish candle, forming a bearish engulfing pattern. After testing a high point, it was suppressed by the bears and is gradually approaching the rising trend line, which has some support here. Currently, it is still hovering in the 89865-108364 fluctuation range, observing whether this week will form a signal of stopping the decline.

Daily:
On January 27, it broke below the neckline at 99881 with significant volume but quickly recovered, forming a hammer candle as a bottoming signal. This morning's close was a shrinking bearish candle, which also broke below the neckline at 99881, hitting just above the short-term descending trend line, while the long-term rising trend line is also quite close, so there is some support here. Next, observe whether this range can form a signal of stopping the decline with significant volume and whether it can quickly recover and stand above 99881 again. If it cannot regain that level, it will continue to test the support range around the low points.

Summary:
The background of the weekly level is in the mid-stage of a bull market, representing a consolidation phase after a wave of upward trends. The closing forms a bearish pattern, observing whether a clear signal of stopping the decline will form subsequently.

The daily level is in consolidation after an upward trend, and the intraday smaller upward trends may be disrupted. Observe whether it can stand above 99881 again in the coming days; if it cannot, it will continue to test the support range near the previous lows, and more K-line details are needed to increase the judgment basis.

Bitcoin is still in a fluctuating market, but altcoins are indeed undergoing deep washing processes. Ethereum, comparatively, just retraced to the daily level neckline around 2800, which is still within a controllable range, and its overall pattern is fairly good. This suggests that the subsequent stretching of local altcoins will be relatively optimistic. Although there have been many recent negative news reports, along with macro funding factors causing delays, market sentiment is not optimistic, with the FGI index at 44 this morning. However, the major trend direction has not changed significantly; the washing process is just more tortuous. I still believe in the law of cycles; it may be late, but it will come.

Share the current market analysis.

Weekly:
Last week closed with a star line with a long upper shadow and slightly increased volume, having tested a breakthrough of the historical high pressure level. The long upper shadow indicates strong resistance above. Currently, it is still in a consolidation phase within the 89865-108364 oscillation range, and there has yet to be a clear bearish reversal signal. Observe whether this week will test the high point again.

Daily:
On January 20, a bullish line with a long upper shadow and increased volume was formed, followed by a confirming candlestick, which is an inverted hammer line, indicating that the market has stopped falling. The subsequent market is oscillating above the support level of 99881. This morning's closing was a shrinking bearish pattern, but the support level here is relatively strong. If the market continues to oscillate without breaking below the support level of 99881 with a significant volume drop, then the probability of testing the high point again will be relatively large.

Summary:
The background of the weekly level is in the mid-stage of a bull market, and the closing situation indicates strong selling pressure above, but the bearish signals are not very significant, so it is necessary to observe the subsequent closing situation to increase the basis for judgment.

The daily level is in a consolidation trend after an upward trend, breaking out of a small oscillation range. Observe whether the subsequent testing of the high point can break through the 108364 level with increased volume. If it breaks above, it will restart a new upward trend.

The Ethereum Prague upgrade is tentatively scheduled for March 11, but if delayed, it may be postponed to late March. Therefore, after this adjustment, there might be a wave of market movement before March. Historically, most upgrades are usually preceded by a good market trend. History may not repeat itself, but it often comes remarkably close.

Share the current market analysis.

Weekly:
Last week, the closing line formed a slightly larger positive line, engulfing the previous three K lines, forming a bullish engulfing, indicating that the market has stopped falling and gradually stood above 50% of the oscillation range, indicating that the bulls are beginning to gradually strengthen, so the probability of breaking through the previous high is increasing.

Daily:
99941 is the neckline. On January 15, the volume broke through this position. At present, the market has broken through the downward trend line and stepped back to the neckline. The morning closing formed a large-volume bearish signal. Observe whether the stop-loss signal can be received here. This is an important support level. Once the volume breaks through, it may continue to adjust. If a clear stop-loss signal is formed and it has been hovering above the neckline, then the probability of continuing to break upward is relatively high.

Summary:
The weekly level is in the mid-term bull market, and the closing line forms a large-volume stop-loss signal, so the probability of the market continuing to break upward is greatly increased.

The daily level belongs to the continuous form after the upward trend. After a small shock consolidation, it breaks through and steps back. If it steps back and stands firm and closes the stop-loss signal, then it will usher in the next wave of rise.

In recent days, the wealth effect of Trump's token TRUMP has become popular. It can only be said that there are good and bad things. The good thing is that it will attract the injection of off-site funds. The bad thing is that the president takes the lead and the issuance of coins on the chain allows the sickle to ignore legal risks and cut unscrupulously. Because Trump supports sol, more and more retail investors who are bearish on ether have recently changed their positions to sol, while Trump has begun to gradually increase his holdings of ether. Most places where retail investors gather are likely to have a profit effect that is coming to an end. Buy when no one cares, and sell when the crowd is bustling.

Share the current market analysis.

Weekly:
Last week, the market closed with a shrinking negative line with upper and lower shadows, indicating that the competition between long and short positions was fierce, which was a bearish signal. It is currently consolidating below 50% in the 89865-108364 oscillation range, so the air force has the advantage and the support below is strong. If it stands above 99100 in the future, the long army will be stronger. Observe whether a new stop-loss signal will be formed in the future.

Daily:
On January 6, the volume broke through the pressure range of 99514, but the next day it fell back and did not stand firm, which was a false breakthrough, indicating that the oscillation consolidation trend will continue, and then it returned to the 92118 support range. On January 10, the closing line formed a large volume penetration, which means that the market has stopped falling. The current oscillation range has been hovering for 24 days, getting closer and closer to the recent upward trend line support level. Observe the subsequent long army volume, including the effectiveness of the stop-loss signal, to increase the basis for judgment.

Summary:
The weekly trend background is the mid-term bull market. The closing line forms a dark cloud cover with shrinking volume, which is a bearish signal, but the support here is strong. Observe whether there will be a large-volume stop-loss signal in the future.

The daily level belongs to the consolidation after the upward trend. At present, the air force volume of the downward wave is gradually weakening. It is waiting for the release of the multi-force volume to appear. A large-volume piercing stop-loss signal will appear. Observe the subsequent closing situation to increase the basis for judgment.

Recently, the macro expectations of interest rate cuts have weakened, the US stock market has fallen, and the capital side has weakened. Bitcoin continues to maintain its previous sideways fluctuations. Trump is about to take office, and the FGI sentiment index is sluggish. In addition, the recent on-chain meme market is very good, and the secondary market funds tend to flow into the primary market. In December, retail investors seem to see more cottage seasons, and the market during this period has led to a reversal of market sentiment. However, it is not certain whether there will be a cottage season, but the rise of local hot cottages and strong cottages is unquestionable.

Share the current market analysis.

Weekly:
Last week's closing formed a bullish engulfing with reduced volume, engulfing the previous bearish candle, indicating a stop in the decline. It tested the support range around 89865, and a stop signal appeared near an important support level, enhancing the effectiveness of the stop signal. Therefore, the probability of testing the previous high again has increased.

Daily:
On December 31, a reduced volume piercing line appeared, indicating the end of the decline, followed by a rebound to the important resistance level near 99514. Currently, the closing formed a bullish candlestick cross, with no obvious bearish pattern yet. The subsequent bullish volume has not been released, so as long as there is a volume breakout above the important resistance level of 99514, and it holds steady in this range, it is highly likely to test historical highs.

Summary:
The weekly trend background is in the mid-bull market, with a closing forming a reduced volume bullish candlestick, indicating the end of the decline. The probability of testing historical highs has increased.

The daily level is in a consolidation phase after an upward trend, currently positioned near a minor oscillation range resistance level. There is no obvious reversal yet, and there is a probability of testing the important resistance level of 99514, observing whether there is a volume breakout and a steady hold.

Recently, Bitcoin's rebound strength since December 20 has been significantly weaker than that of Ethereum and some altcoins. The daily MACD for Bitcoin has not yet formed a golden cross, while Ethereum's MACD has a golden cross near the zero axis below the MACD line, and the weekly closing is also stronger than Bitcoin, indicating a reduced volume morning star, with a stronger stop signal. Therefore, Ethereum will likely test historical highs.