This week, Bitcoin showed a trend of "initial suppression followed by rally and reaching new highs." On Monday, the price stabilized around 70,700 after fluctuations, starting to rebound gradually on Tuesday, breaking through 73,000 on Wednesday, accelerating upward on Thursday, and reaching a high of 78,300 on Friday, setting a new high for this round of rally. Over the weekend, it slightly retreated and is currently consolidating around 76,000. The weekly high-low difference exceeds 7,500 points, and the weekly chart is expected to close with a full-bodied bullish candlestick, completely engulfing last week's correction bearish candle. Ethereum also strengthened simultaneously, rising from around 2,180 to above 2,450 this week, then pulling back to around 2,340. The key factor this week was the ceasefire news in the US-Iran conflict boosting the entire market to rally higher. Many short positions were arranged this week, with relatively more stop-loss orders. Bitcoin's total gains this week amounted to 8,400 points, while Ether's total gains were 365 points.

From the weekly chart perspective, this week's large bullish candlestick directly broke through the previous high of 76,009 and refreshed to 78,300. The candlestick body is full, and the closing price is far from the short-term moving averages, indicating a typical bullish acceleration signal. The previous several weeks of consolidation have been broken upward, and the upward channel at the weekly level remains intact, with lows gradually rising and highs continuously making new highs. On the monthly chart, since the low of 65,000, the rebound has lasted nearly two months. Currently, a large bullish candlestick has formed this month, with the price re-approaching the 5-month moving average. The MACD fast and slow lines are showing a golden cross above the zero line, confirming a medium-term bullish trend. The support zone around 72,000-73,000 has become strong support; as long as this area is not broken, the medium- to long-term bullish pattern will remain unchanged. This rally is not just a simple rebound but a trend reversal after last year's high point correction. Currently, it is in the upward continuation stage, with the next key target area between 80,000 and 82,000, corresponding to the previous dense trading zone on the weekly level. If a pullback occurs, the 73,000-74,000 area is an ideal zone for medium- to long-term positioning. The bullish trend is clear, and short-term corrections do not alter the medium-term upward pattern. For medium- to long-term operations, focus on buying on dips, especially near 73,000 support. If the price can stabilize above 76,000 and effectively break through 78,300, the upward space will further open toward above 80,000.

For medium- to long-term Bitcoin positioning, consider a range of 73,000-73,800 for wave trading, targeting around 80,000. For Ether, consider light long positions on dips near 2,300, targeting around 2,500. #山寨币强势反弹 $BTC $ETH