1.5 Bitcoin and Ethereum Market Insights

Bitcoin has been fluctuating with continuous doji candles on the daily chart. This week, Bitcoin rebounded nearly $7,400 at its highest. Although it appears to be rising, this increase is indeed somewhat weak, and the momentum is clearly insufficient. This is also why I have remained cautious about it; please pay attention to this yourself.

Dogecoin, ETH, SOL, and some other altcoins have also risen to key resistance levels, so it depends on how the main players choose. Some altcoins performed quite well this week, but they all belong to short-term market trends. Whether they can sustain into next week is crucial.

Next week, we are going to see a trend reversal. At that time, let’s determine the direction based on the signals during the market. The market is unpredictable; what we can do is follow it. We can only act in the direction that the main players choose. Regardless of which direction it is, I believe the reference points I provide can help grasp the highs and lows. If you can't figure it out, feel free to talk to me.