Dragon Boat Festival has come to an end, and a week of time has quietly closed. This week, Bitcoin mainly fluctuated around the core range of 62,000 to 67,000, with the market showing a pattern of initial rebound, then decline, followed by range-bound consolidation. The bulls and bears are in a highly intense struggle, and overall it is a typical week of shakeout and accumulation, only a break below will open up new space. Looking back at this week's market trend, early in the week saw a slight recovery and rebound, with the price quickly testing the resistance above 67,000. Short-term bullish sentiment slightly warmed up, but the upward momentum was extremely weak. Then, midweek, the market entered a digestion phase, with prices rising and then falling back, with the lowest price touching the low support at around 62,232. Over the weekend, it entered a continuous sideways tug-of-war mode. As the main beneficiary of this week's market layout, the overall gains are quite impressive, with Bitcoin gaining 9,965 points of space, and Ethereum gaining 325 points of space. The market's discipline: in an upward trend, look for gains; in a downward trend, watch for sentiment. Only by enduring volatility can one hold onto wealth.

From the current market perspective, Bitcoin on the four-hour chart has consecutively formed bullish engulfing patterns, with the price steadily above the short-term moving averages. The bottom structure has been established, forming a very strong buying support, and the bearish selling pressure is rapidly weakening. On the one-hour chart, the market shows a stair-step pattern of oscillating upward, with the price steadily rising along the middle to upper Bollinger Band. The Bollinger Bands are still expanding upward, indicating that the short-term upward space is gradually widening.

Bitcoin can be bought in the range of 63,700 to 63,200, with a target of around 65,000.
Ethereum can be bought in the range of 1,700 #美伊谈判推迟 to 1,670, with a target of around 1,800.