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Reviewing this week's market trend, early-week prices showed a phased rebound and upward movement, with the market once rising to the 70,000 level before facing resistance and pulling back, showing a downward trend. During the early hours, the lowest point was around 67,700 before stopping the decline. As the US-Iran war temporarily paused, the bulls saw increased volume and pushed higher, briefly recovering to around 72,800 before facing resistance and pulling back. Throughout the week, the market maintained a phase of upward exploration and rallying, and over the weekend, the bulls increased volume to push higher, with Bitcoin reaching a high of around 73,800 before facing resistance and pulling back. Currently, it is consolidating around 70,800. Ethereum's movement has been consistent with Bitcoin; over the weekend, it showed a rebound point, facing resistance near 2,330 before pulling back, and now retesting the key support/resistance level at 2,180, the point of trend reversal.
This week, our real trading positions gained a total of 9,000 points on Bitcoin and 370 points on Ethereum. Compared to last week, the returns were weaker, mainly due to the market being heavily influenced by data, which was the key reason for the loss this week. Next week, let's continue to work hard together.
On the weekly chart, the current pattern is still in a phase of bottoming out and adjustment. The price has yet to break through the previous high, maintaining a structure of resistance. In the short term, focus remains on the support at around 66,000. If the market breaks below this level and breaks out of the consolidation phase, it could continue into a deep bear market decline. Currently, a small bullish candle with a long upper shadow has formed, indicating strong selling pressure at high levels, and the overall structure remains in a long-term consolidation phase.
Looking at the daily chart, as the market continues to build a bottom and form an inverse head and shoulders pattern, after a rally, the overall price remains under pressure and pulling back. The recent good phases did not lead to further breakdowns. Today’s candlestick retraced the three-day recovery, and the price is now oscillating around a key support level. Further pullbacks should watch the support at around 70,450; if broken, the downward trend below 70,000 will continue. Indicators are all turning downward, and after a correction, a death cross may form, indicating possible divergence. The trading strategy should continue to follow the long-term bearish outlook.
Currently, support levels for Bitcoin are at 70,450 and 68,300. Resistance at the rebound high remains near 72,000. Overall, focus on the medium- to long-term outlook around 71,500. For Ethereum, short-term resistance is at around 2,220, with support levels at 2,180 and 2,110. #加密市场回升 $BTC $ETH