Ether BTC Weekly Summary Analysis

Time flies, a week passes like a fleeting horse, vanishing in an instant; let's review the market trends for the past week, starting from the weekend when it broke below the support level of 112,000, to Monday's 112,582 line, then it bottomed out and rebounded, showing a fluctuation pattern of two ups and one down. By Sunday, it also returned to the 119,094 line, with a weekly decline of nearly 7,000 points, which is quite significant; however, looking at our Ether, it performed quite well, rising from Monday's lowest point of 3,465 to Sunday’s 4,331, with an increase of 886 points, quite impressive. This week, BTC gained 15,287 points, and I believe friends who followed along closely this week also benefited significantly.
The current market situation is quite clear. From a daily chart perspective, BTC's daily line is becoming increasingly robust, and the trend is generally showing a pattern of two ups and one down. Currently, the daily line has also surpassed the middle line of the Bollinger Bands, advancing with great momentum. Looking at the MACD indicator, the red bars are shortening, and the fast line has already crossed above the slow line, forming a bullish golden cross. The RSI indicator also shows strong bullish sentiment. All signs indicate that the bear market is over, and the bull market has arrived. We still need to set proper stop-loss levels in the short term and maintain a low long strategy for stabilization. This week, it is only a matter of time before BTC breaks through 120,000, but we must also pay attention to the impact of macro events. #6 BTC全民空投限时派送中#