Bitcoin successfully stabilized the weekly pattern over the weekend, with the overall trend last week largely aligning with Lao Xiao's analysis. He repeatedly emphasized that 76,000 is the starting point for the rally. Although the rebound only began after touching a low of 74,900, it did not break through the lowest point of the past two weeks at 73,600, indicating that the upward momentum of the trend still remains. At the same time, the weekly chart shows a bottoming out and a hammer signal, even if it is a doji star, which suggests a continuation of the bullish trend this week. Breaking the double top at 79,500 would be quite easy. Coupled with the monthly K-line closing above last month’s high of 76,000, the current 80k-level Bitcoin is well-deserved!

This week’s continuation momentum focuses on the 83,000-87,000 range, which also serves as this month’s test price. In short, take things step by step—don’t expect a big surge or a violent rally. Just follow the technical logic and steadily move upward. Lao Xiao has always emphasized an upward trend. Although some may oppose me, good endings are always on our side. So, observe more, learn more, and summarize more. Lao Xiao’s technical theory may not be the best in the world, but it has been repeatedly validated by over a decade of market movements, with a relatively high success rate. There’s no reason for you to go against me!

Regarding weekly support, continue to watch around 76,000. This point has now formed a major bullish top-bottom reversal. As long as the trend price stays above this level, the outlook remains bullish. Only if the weekly chart falls below and breaks this level would the trend shift from bullish to bearish, or we might see high-level consolidation, waiting for the next trend to emerge. Currently, there’s no need to overthink—just look for a gradual breakdown on retests. Even if there’s no breakdown, the risk is much lower than shorting. At least our approach is to follow the trend!

In the short term, the strategy remains simple and clear. The breakdown of 79,500 triggered a continuation rebound. If the price retraces back near this level, it can be viewed as a second upward move. If the bears gain strength and cause a breakdown, then subsequent moves can focus on the first retracement low of this rally, around 77,500-78,000, looking for an upward rebound. No matter how the price moves, we have a plan! Resistance above is at 81,000-81,500. First contact may lead to a decline. If it cannot hold, and a significant continuation downward occurs, then the next support zone is around 83,000-83,500. No other levels are considered for now.

Ethereum has not yet experienced a catch-up rally. The main reason, as I mentioned before, is that when a strong trend faces its end, the subsequent movement disrupts the original layout, returning to a slow phase. That’s exactly where Ethereum is now. This week’s resistance remains around 2,600, with support near 2,200. For these fluctuations, just follow the oscillation adjustments!