This week's market trend has also completed a bullish reversal. After successfully breaking through 80,000, it gave a second surge, reaching a high of 82,828 before starting to decline. The lowest was also around 79,137. The overall downward trend has not broken the previous low, so the bullish trend still exists. This week, we executed 15 Bitcoin spot trades, capturing a profit of 18,375 points, and 10 Ethereum spot trades, capturing 341 points!



Currently, on a smaller time frame, the bullish pattern remains intact. In the short term, focus on the 80,500 level as the key support and resistance dividing line. From the four-hour structure, this level is not only a support/resistance zone but also close to the short-term cost area. As long as the four-hour closing price does not break this level, the rebound structure remains valid. The initial resistance is around 81,500-82,000, where a short position can be attempted. If volume increases and it breaks below 80,500, it indicates a breakdown of the four-hour bullish pattern, and the market will shift into correction, with attention to a dip towards 79,000-78,500.

During the day, continue to watch the support zone of 2,320-2,300; this area can be used to attempt long positions, with a stop-loss at 2,260. As long as it does not effectively break below this level, the rebound pattern remains, with the target first around 2,350. After breaking through, further testing of the 2,480-2,420 resistance zone is possible, where short positions can be attempted.
ETH-1.39%
BTC-1.33%
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