24/10/21 BTC is about to complete the deep-sea crab, ETH is consolidating the triangle breakthrough and making up for the rise. Has the weekly level market arrived?

BTC weekly closing broke the rise flag, opening higher this week with the highest reaching 69500, just a step away from the bearish deep sea crab pattern near 70000 as we mentioned. This wave rebounded from Long Wick Candle 58946 back to 60300, breaking through the trend line, already with a profit of 9000 points. ETH broke through the 4-hour trend line around 2455, pumping 330 points by the time of writing. Congratulations to those who followed this wave and made profits, fren.

Weekly MACD crosses the zero axis, this is a minimum rebound at the weekly level, at least looking for a breakthrough of 74000, the next target is 90,000 to 100,000. If you can't catch the best point to do the market, or still following the small-scale market of tens or hundreds of points, you may miss the trend of the bull market.

BTC
The daily candlestick continues to break through the highest point and reaches around 69500. Since the high point of 67950 on the 15th, we have reminded that it has been a narrow range pump, and it has only increased by about 1500 points in 5-6 days. Previously, we also reminded that the support moved up from 66666 to 67600, so now the support continues to move up to 68500.

On the 4-hour and 1-hour timeframes, a lower slope channel has also formed during the rise. Although the market data fear of missing out every time it rises near 70,000, the total BTC contract position on the entire network has not exceeded 40 billion US dollars. It is still a good opportunity for fren without a position to remind that there is no need to chase the market. We will also remind where the pullback is for increasing the position.
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ETH
Last night, the daily candlestick formed a symmetrical triangle breakout, the next resistance is at 2820. Previously, the daily candlestick also indicated the possibility of a good trend once it broke the non-standard inverse head and shoulders pattern. The weekly MACD is slightly worse than BTC, but last week's morning star also indicates a bullish signal. Breaking the 2820 neckline may complete the bat pattern and target around 3300, but still do not chase the market.

The ETH/BTC exchange rate has been oscillating at the bottom for a few days and has seen some Rebound, so we should also follow whether the daily candlestick triangle pattern will break through.
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