Bitcoin/Ethereum once again stood on the diving board, can the main upward wave extend further in the future?

Straits of Hormuz are tossing back and forth, Langzi just briefly loosened and opened, then immediately closed again, the situation is directly chaotic, the strait repeatedly opens and closes, the second round of US-Iran talks have no progress, the market's newly emerged optimism has collapsed directly, the three major US stock indices all declined sharply, can this situation still influence the market?

Let's briefly discuss the current market situation, Trump’s appointed Federal Reserve successor Kevin Woor, will attend a Senate hearing on Tuesday to face layers of questioning, now the whole market is watching him for one sentence: how much does he plan to loosen interest rates, when to cut rates, after the rebound and break-through, the market continues to decline, tech stocks’ earnings reports, Federal Reserve meeting minutes, then the Middle East issue, it’s easy to see a flip scenario, which is also a key turning point...

First of all, it is the short-term rebound suppression and volume-driven pullback. On Friday, the market rose to 78,000 points and then faced pressure and fell back, Ethereum is even more so, after all, 2600 is the dense zone after the last plunge, the bulls’ pressure above is quite fierce, when the market is waiting for this rebound extension to unwind the chips in hand, the result is a sudden slap back, as for the pressure test zone above, many market sentiments chase the rise, and another point is why two months of range-bound trading?

Monthly chart Bitcoin at 67,500 is bullish and long, Ethereum at 1800 is bottoming and turning bullish, the overall trend structure has no short positions, including the small-scale false pullback and volume rebound last Thursday, openly indicating that if it’s not the main upward wave with volume, it’s just a game in the minds of retail investors, a false signal that most jumped early onto the late train of the rally, until Friday night’s turning point to test pressure and surge to 78,000, Ethereum also followed the expected structure rebound at 2450 resistance, a rebound within the two-month cycle without flaws.

Therefore, before the current trend changes, short-term declines are just pullbacks, always learn to handle your positions timely, don’t be the bagholder chasing the rise and killing the fall, whether it’s a false breakout in the daily triangle or a genuine pullback, respect the trend during trading!

The main Bitcoin remains around 73,500-73,800 for long points, the rebound depends on 74,800-75,500, breaking above 76,000 is the key point for transition, continue to explore higher points with protection, and retreat timely if not broken!

Ethereum is at 2,250 for long points, the range rebound is synchronized with Bitcoin, patiently wait for 2,300-2,350, standing firm at 2,400 also provides protection, defensive judgment depends on individual actual positions.

With that said, I wish everyone all the best…#布伦特原油持续走强 $BTC $ETH