This week's market has also come to an end. The overall market initially experienced a slight rise, reaching the 113429 level before stopping and retracing. The subsequent market has been primarily dominated by short positions. Overall, the market has retraced to a weekly starting point. After two days of fluctuations over the weekend, the market is still operating around low levels. Regarding Ethereum, after an unsuccessful attempt to break the 5000 mark early Monday morning, the overall market showed fluctuations and retracement, with a minimum reaching the low point of 4254. Although the market is quite extreme, we still reaped substantial rewards. The precise strategies and handling of unexpected situations have allowed us to survive longer in the crypto world.

Although the daily structure has broken down, the current pullback lacks certain continuity and is accompanied by some rebound space. This is not the beginning of a trend reversal. With the close of the medium bearish candle, it faced resistance near the upper limit of the range around 112000 and fell back after failing to break the high. The range has not been broken, and the end of the session saw a recovery from the low. The highs and lows are concentrated in the oscillating movement during the US market hours. The volatility is broad. There is still relatively large space, but it continues to operate within the range. The daily line's rise and fall is merely a phase of accumulation for the bulls. The four-hour level line has already shown a continuous bearish trend, but overall it has not broken below the bottom support, while the support of the upward trend line is around 108000. Taking the trend line as a dividing point, as long as the pullback does not lose the support of the trend line, the bullish outlook remains. Conversely, if it breaks down, an adjustment will form, which means a pullback in terms of space. After the pullback, it is again expected for the bulls to further push higher.

Monday early morning
Bitcoin: 108500 directly go long Target 110000
Ethereum: 4450 go long directly Target 4600