BTC last week closed with a doji bullish line on the weekly chart, and this week shows a bearish correction (resistance at 82,000 is obvious). The weekly chart remains in an upward channel, with trading volume improving compared to earlier periods. The weekly trend still maintains an upward structure (biased bullish but entering a strong resistance zone). Currently, main resistance is concentrated around 82,000-83,000. Overall, the weekly chart is in a oscillating upward structure, and breaking through near 82,800 could reach higher resistance zones. Holding above the 78,500 trend line during a pullback may allow the weekly bulls to continue. The weekly MACD shows a golden cross, RSI and CCI have generated bullish crossovers and remain strong, supporting a bullish outlook.


On the daily chart, yesterday closed with a large bullish engulfing line with increased volume, but today shows a bearish correction. Currently forming a high-level ascending triangle, with resistance at around 82,500 on the upper side and support at around 79,200 on the lower side. Breaking out of the converging ascending triangle structure targets around 86,000.
Key support levels below: 79,200 (trend line support). As long as this key level is not broken, the oscillating upward structure can continue. There is a risk of MACD and RSI on the daily chart turning bearish with a dead cross.
In the short term, focus on the 4-hour chart for trading opportunities; act accordingly when opportunities arise.
3. XRP's market and fundamentals are improving, signaling a bullish trend.
Technically, the daily chart shows increased volume breaking through the key resistance at 1.47, forming an engulfing structure, with a possibility of a double-line reversal. Target levels are between 1.56 and 1.68.
On the 4-hour chart, a pullback to the upper channel boundary without breaking it suggests the upward structure may continue. A pullback to key levels for low entries is advisable.
BTC-2.92%
XRP-4.34%
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