The ceasefire in the early morning, non-U.S. currencies all surged across the board. Whether it's the U.S. stock market or gold, they both broke through the weekly resistance, and the big picture we focus on—Bitcoin—also experienced an accelerated rebound. However, it's still the same old story: compared to other financial products, the magnitude is still lacking. Everyone, don't get distracted. The magnitude I mentioned is not the single-day increase but the price of Bitcoin at the same previous levels. In terms of yesterday's gains alone, from the lowest point of 67,700 to 72,700, the increase was nearly 8%, which is quite impressive. As for whether there will be continuation next, we will continue with a comprehensive analysis!

First, look at the weekly chart. Currently, it is in a consecutive bullish state. The trend is consistent with the analysis. Last week, there were no consecutive bearish candles, but any bullish K-line pattern, even a doji star, this week will see a decent rebound. However, this rebound does not define a bullish trend; it is just a bounce within the oscillation according to trend laws. Many people blindly analyze—when it falls, they see a big drop; when it rises, they see a big rally. The so-called trend faith has been corrupted by a group of uninformed people. The fact proves that the oscillation has lasted for two months without breaking important support or resistance levels. Everything remains within the range of oscillation. Keep an eye on the high around 76,000; only if the weekly chart stabilizes can we see Bitcoin prices above 80k. The low point remains at 62,400, which is the main starting point for the rally. Breaking below means a five-digit number starting with 5. Although I emphasize this often, it’s not empty talk; Jiang Yuan is always reminding you not to lose your composure!

On the daily chart, it’s very promising. In the recent oscillation, as long as the pattern shifts from consecutive bullish to bearish, it will likely continue with a series of declines. Although yesterday’s rebound was not within technical boundaries, it at least broke through the current bullish pattern. The price successfully stabilized above the previous day’s high of 70,300, closing at 71,900. The overall trend today remains bullish, with continued momentum mainly during the U.S. trading session. Resistance above is around 74,000; a breakout would challenge 76,000 again. If you want to participate in short-term short positions, you can plan around these two points!

Support is even simpler. Relying on the rebound from the high point of 70,300, the upward move can be expected. That level might be hard to reach, as the morning correction from 71,200 found support and rebounded. Now, it’s getting farther from 70,300. It depends on whether there will be a correction opportunity tonight. In short, participate when there’s a touch; if no opportunity arises, follow the pullback after the rally. For example, if the price directly breaks yesterday’s high of 72,700, then a subsequent pullback to 72,000 can be seen as an opportunity to go higher. This approach is also a prudent way to operate. Currently, it’s best to stay on the sidelines and wait for a good opportunity. If you insist on asking Jiang Yuan for a direction, I would say mainly shorting high and buying low as a supplement.

Ethereum is also doing well, reaching a high of 2,273. It not only stabilized above the recent resistance at 2,174 but also successfully broke through the previous multiple rebounds and downtrend reversal at 2,200. The closing price is 2,240. Regarding today’s outlook, a correction around 2,170-2,200 can be expected to see an upward move. Resistance points are only at these two rebound highs near 2,385. If you want to short, that’s the only level; other levels are more likely to be buried. Ethereum is just lacking an upward opportunity. Only when the bullish trend is confirmed will the magnitude satisfy everyone. Hold your spot positions without panic. With Jiang Yuan here, I will definitely not let you down. I am waiting. Remember, Jiang Yuan is waiting. What is faith? It’s me: Jiang Yuan.