Share the current market analysis.

Weekly:

Last week closed with a medium bullish candle, which weakened in volume compared to the previous bullish candle when analyzed across most major exchanges. In summary, the three bullish candles that broke through the parallel channel belong to the white three soldiers pattern, but the candlestick bodies are gradually decreasing in size, with the second candle showing increased volume and the third candle showing weakened volume, indicating that the advance of the white three soldiers is being obstructed. This suggests that the bullish momentum is gradually weakening, but it is not a stagnation pattern; it can only be said that there is a probability of entering a consolidation phase. The bulls still have the strength to continue pushing forward, and there are currently no reversal signals. We will observe whether signals appear next week; no reversal means there is still room for further upward movement.

Daily:

On November 20, there was a volume breakout above the previous high of 93483, then it surged to 99800. However, it can be clearly observed through the volume that the bullish momentum is gradually weakening. On the 23rd, a bearish engulfing pattern formed with decreased volume, indicating that the market may enter a new phase of volatile consolidation. Currently, there are no obvious reversal signals, so a small consolidation range has been defined to observe the subsequent K-line formations, which will provide more basis for judgment.

Summary:

The weekly level is in the mid-stage of a bull market, and no reversal signals have appeared yet, so there is a probability that the upward trend will continue. The current pattern formed has a probability of starting to oscillate, and we will look at subsequent closing lines to verify its effectiveness.

The daily level is in an upward trend, having broken the previous high to form a new high. There is currently a probability of entering a new consolidation range for horizontal oscillation; we will observe whether slightly stronger reversal signals appear subsequently.

Each time Bitcoin enters a small cyclical consolidation, altcoins begin a new wave of rotation. Starting from meme coins, currently moving towards blockchain games, and next, as Ethereum stretches, Ethereum-related projects will also make moves. The next potential starters could be the DEFI and AI sectors; with Bitcoin at a hundred thousand, the market has high expectations for this, so a breakout may lead to a washout.

We will continue to track the trend.