Technical Analysis

BTC (Bitcoin)

- Weekly: Last week closed with a long bullish candle, the K-line firmly above the 7-day moving average, indicating a strengthening trend.

- Daily: Five consecutive small bullish candles, showing a bullish arrangement. Narrow fluctuations over the weekend filled the technical gap, with the lower moving averages and upward channel working well together, resulting in a stable trend.

- 4-hour: During weekend fluctuations, significant support at the 97600 level, and this morning's K-line has four consecutive bullish candles, breaking through last Friday's high.

- Trading Suggestion: Focus on the support levels of 98000 - 97000 for intraday trading, bullish outlook; closely monitor the resistance levels of 100000 - 101000 above.

ETH (Ethereum)

- Weekly: Last week increased by 7.58%, closed with a large bullish candle, two consecutive bullish candles on the weekly chart, overall bullish, with 3850 points nearby as the key resistance.

- Daily: Five consecutive bullish candles highlight the bullish trend, but the distance between highs is narrowing, upward momentum is slightly easing, and a pullback or consolidation is needed before further increases.

- 4-hour: Rising from the 3300 point, the second wave movement is completed, and after adjustments over the weekend, the 3600 - 3580 range constitutes a phase support.

- Trading Suggestion: Focus on the support levels of 3630 - 3600 for intraday trading, bullish outlook; watch for resistance levels of 3720 - 3750 above.

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