Time flies, and this week's trading cycle has officially come to an end. Looking back at Bitcoin's movement this week, it continued the upward trend from earlier, steadily rising from the low point of around 70,500 at the beginning of the week, until Friday when it successfully broke through the previous high, reaching a peak of about 78,300; then over the weekend, the market entered a technical correction, with the current price hovering around 75,700. The trend of the altcoin is very similar to Bitcoin's, after a surge and pullback, it is now consolidating and oscillating around 2,330.



On the operational level, at the start of the week, we placed a quick order to sweep the market, immediately capturing a key breakout signal, then decisively adjusting our trading strategy and following the trend closely. Although this week’s focus was on practical guidance, the frequency of public strategy deployment was reduced, but we still accurately grasped this round of market movement, successfully securing gains of 8,912 points on Bitcoin and 345 points on the altcoin, smoothly closing the week with a successful harvest.

From the current market situation, Bitcoin continues its strong upward trend, breaking through key resistance to reach a new high of 78,300 this week, then entering a technical correction over the weekend, with the price now oscillating around 75,700. On the weekly chart, it can be seen that after bottoming out at 59,800, Bitcoin rebounded continuously, with a volume-increasing bullish candle this week stabilizing above the 75,000 key zone, breaking through the previous downtrend pressure, and establishing a medium-term bullish pattern, opening up the upward space. On the daily chart, the market started its upward move from the low of 64,918, surged higher, then experienced a profit-taking pullback, currently supported by short-term moving averages, with the moving averages well aligned, and the volume-price structure healthy with increasing volume on the surge and decreasing volume on the pullback, indicating the bullish trend remains intact. Combining the four-hour chart, the market has retreated from the high point into a consolidation correction, currently supported at the key midline, with decreasing volume during the pullback, and selling pressure fully released. The 73,900-75,000 zone has formed a strong support band, and the short-term correction is nearing its end. Overall, the medium-term bullish pattern is confirmed, the daily trend remains unchanged, and the short-term correction is just a normal technical retracement within the trend, with the overall bullish trend still intact. Moving forward, trading should follow the trend with a cautious approach, focusing on opportunities for stabilization at support levels and monitoring the breakthrough of previous highs and resistances. $BTC $ETH #山寨币强势反弹 #AI基建重心转向应用侧 ‌ ‌
BTC-1,18%
ETH-2,57%
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