$BTC Good weekend, friends!
The market trend of cryptocurrency this week can be described as a tale of two extremes. At the beginning of the week, with Bitcoin's continuous downward trend, everything fell along with it, without exception. Starting from Thursday and Friday, Bitcoin rebounded from the low point of 908, leading to a full-fledged rise, among which I believe the most eye-catching was Ethereum, which surged to 3742, refreshing its high point in nearly six months, truly a dazzling sight.
Now, let's talk about Bitcoin. Last week it dropped from the historical high of 996 downwards, with a drop of 8000 points, reaching a low of 908 before rebounding over a period of two trading days. Similarly, after correcting from 908, it rose to a high of 987, with an increase of nearly 8000 points, also over two trading days.
So, regarding this round of first falling and then rising, how should we view the market going forward? Let's look at my personal analysis:
Putting aside all external news influences, purely from the market trend perspective, next week we are looking at an upward rhythm. If we can smoothly stabilize above 971 at the beginning of the week, then touching 100,000 next week is highly probable (this point has been emphasized multiple times).
Moreover, after breaking through 100,000, there will definitely be an acceleration phase. As for whether it can reach 120,000, it is still too early to make a conclusion, but I am still very optimistic about touching 100,000.
Next week, pay attention to several key positions: 956 is a strong support level. From the market trend, it has tested this area multiple times to find support, indicating that this position is a strong support level. Next is 947, a short-term double bottom support. On Thursday and Friday, after testing 947, it rebounded, and its importance is self-evident.
Therefore, at the beginning of next week, the strategy will rely on the 956 support to continue looking upward. After rebounding from the bottom of 908, stabilizing above 971 is likely to refresh a new high.
I am Feng Lang, if you like it, follow me, if you agree, give me a thumbs up! #比特币打破感恩节魔咒 #市场回暖新机遇