Bitcoin ($BTC )

- Market Sentiment and Trend: This week, Bitcoin has fallen from its historical high, with a drop of over 10% in three days, leading to a pessimistic market sentiment and a significant weakening of bullish momentum. Nevertheless, a rebound in price was observed on the 21st. Some analysts believe this pullback is a typical adjustment in a cryptocurrency bull market. While short-term upward momentum has weakened, the long-term trend remains worthy of attention.

Ethereum ($ETH )

- Market Sentiment and Trend: Ethereum briefly broke through $4,100 but then faced selling pressure and retreated. Current market sentiment remains bullish, with buying pressure pushing the price back towards $4,000. If it successfully breaks through this key resistance level, it could trigger a new wave of increases, challenging the historical peak; if it fails to break through, it may oscillate between $3,500 and $4,000.

Comprehensive Analysis

Based on the recent trends of Bitcoin and Ethereum, it is expected that both will maintain a sideways fluctuation for some time. For short-term traders, now is a good time to enter the market. It is recommended to focus on four-hour and eight-hour technical patterns, buying on dips and selling on highs. Positions can be appropriately increased, as weekend fluctuation is quite common, and both low-position long orders and high-position short orders may bring profits. Pay attention to risk control while trading to avoid losses. #BTC #ETH