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For this week’s market, the broader trend remains in an upward rhythm. Since Monday, when it was around 78,500, Lao Chen has kept signaling long positions all the way through as the price comparison reached the 82,828 area—Lao Chen still sticks to an unchanged long-side mindset. The same is true for Ethereum: from Lao Chen’s call at 2,300 on Monday up to the high at 2,422, even after a later pullback to 2,263, it did not change Lao Chen’s commitment to a bullish (long) stance. Whether it’s short-term, medium-term, or long-term, this week has shown it all vividly. After a clear breakdown, Lao Chen continued to signal long positions step by step—what price to go long at, where to look next—and even no fewer than three times, reminding everyone to go long directly at the current price and take it all. From the beginning of the month, there has been a streak of consecutive wins. In this week alone, “big pie” (BTC) took 17,829 points, while Ethereum took 577 points, and everything can be traced back clearly—it’s not a case of hindsight. All thought processes and analysis were provided in advance. As mountains have peaks and lakes have the other shore, please believe that everything will eventually come back with a sweet return.
From the perspective of the technical structure, after the weekly doji cross-signal appeared and the price continued to break to new highs, it has, so far, stalled around the 80,500 area. However, this still is not the key level. The key level remains above 82,500. This area serves as the first rebound after the earlier “opening downside gap” (the previous downward opening) and now it is viewed as a retracement. At present, we still look for the trend to continue pushing higher and breaking highs without change. Within smaller timeframes, a correction rhythm has started to form. Note that earlier we treated retracement as correction; here, the pullback, sideways movement, and sluggish consolidation are still to be treated as correction. For the overall trend, it’s not a matter of “buy only after it rises again.” Instead, after a breakdown, we strongly look for longs. Going forward, we still favor the correction-driven technical setup and expect long-side momentum to be released as the market breaks and continues. Next, we will continue to lead with a long-biased approach for a long-term follow-through and phased layout.
Over the weekend, for BTC short-term focus is the 80,500-80,300 range for a wave-long; the target to watch is around 82,500. For Ethereum, focus on the 2,300-2,280 range for a wave-long; the target to watch is around 2,450.