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$BTC Looking back at this week, those moments of grit and perseverance, the first steps taken proactively, are all proof of you surpassing yesterday. Charge up over the weekend, and next week, with a more confident attitude, go after those "wants" and "deserves."
At the start of the week, the bulls suddenly gained strength, with Bitcoin soaring from a low of 63,678 to a weekly high of around 67,292.
Throughout the week, it remained in a downward trend with slight rebounds until Friday, when the price again hit a new low of 62,272.
The bullish momentum could not be sustained and was consistently suppressed by the bears.
Over the weekend, it was in a weak correction phase, currently stabilizing slightly around the 64,000 level.
Ethereum developed in tandem, starting its rally from a low of 1,653 on Monday, successfully breaking through the 1,800 level during the week, reaching a high of 1,848.
Unfortunately, the bullish momentum did not continue, and on Friday, it broke below 1,700 to a low of 1,670.
Compared to Bitcoin, Ethereum is relatively weaker, currently holding above 1,700 with slight stability, but the bulls' momentum has yet to explode.
On the weekly chart, the market is clearly in a downward channel.
Bulls attempted to launch a counterattack, but the momentum was never strong enough and was heavily suppressed by the bears.
Currently, the price shows a pattern of small bullish and bearish candles, temporarily escaping the low of the lower band.
Looking at the MACD indicator, bearish momentum continues to shrink, and the market has entered a typical super-mac region, leaving little room for further downside.
On the daily chart, the price shows a classic inverted V shape, starting from the lower band and attempting to break through the midline, but resistance near the midline is evident, leading to a slight pullback.
Fortunately, the price rallied over the weekend, stabilizing again above the midline.
With bullish lows gradually rising, the three lines are converging, and the lower band is moving upward, compressing the space below.
The bulls are gradually gathering strength for a new surge.
On the four-hour chart, the price is trending upward with consecutive bullish candles, but the rally to the upper band was not sustained.
Currently, it’s slightly retracing but overall maintaining an upward trend.
This pattern of rising and pulling back is a minor correction during the bullish advance.
Next, we expect the bulls to continue their efforts to recover lost ground.
Bitcoin is trading around 63,500-64,000, with an initial target of 65,000.
Ethereum is around 1,700-1,730, with an initial target of 1,800.