Sunday night Bitcoin Ethereum market analysis and weekly summary

This week ends perfectly, and friends who kept up with the rhythm have already reaped abundant rewards! While others are making precise arrangements and securing their positions, are you still hesitating and watching? Next week’s market will be even more exciting, and practical opportunities should not be missed!

The weekend market showed a sideways consolidation pattern. Technically, this is a digestion of the previous rapid rise and serves to build momentum for the continuation of the bullish trend. Although the current consolidation appears to be tense, it is actually accumulating strength for the subsequent upward push. It is expected that the opening of the US stock market on Monday will boost market sentiment, and the bulls are likely to regain their momentum. Key resistance has been effectively broken, and there is no significant pressure above, opening up space for price upward movement.

Technical Analysis: Looking at the one-hour chart, the three lines of the Bollinger Bands are flattening, clearly indicating that we are currently in a range-bound market. In terms of operations, it is advisable to seize swing trading opportunities and enter and exit in a timely manner. From the four-hour chart, the candlesticks continue to operate near the upper band of the Bollinger Bands, indicating that the overall trend remains bullish despite the fluctuations, and the bullish dominance pattern has not changed.
Wave perspective: BTC monthly line has shown a strong four consecutive bullish candles, continuously breaking through resistance levels and showing signs of a rebound from the bottom, reaching a new local high this week. The monthly line pattern is climbing in a "two up, one down" fashion, combined with the previous upward structure, indicating that the price still has upward momentum.

Evening operation suggestions:
Buy around 117500 for Bitcoin, target 119000.
Buy Ethereum around 2900, target 3100.
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