Weekly Analysis:

BTC closed the weekly line at 8 AM on Monday, reflecting last week's performance. Currently, the weekly trend is not looking too good; as shown in Figure 1, after processing, it appears to be a relatively weak weekly top formation. Based on this closing, the strategy for BTC this week is: hold on to the short positions opened at high levels and temporarily do not consider closing them. This week, long positions need to be cautiously engaged, only capturing small-scale (or even smaller scale) trades in the 92300-99500 range.

ETH closed its weekly line at 8 AM on Monday, which is actually worse than BTC. Many traders may be confused by the bullish line ETH closed with, as shown in Figure 2. After processing, the weekly trend indicates that ETH is currently weaker than BTC. The strategy for ETH this week: hold on to the short positions opened at high levels, and consider small-scale long and short positions in the 3220-3600 range while being cautious with long positions.

Altcoins should refer to ETH for trading. Some strong altcoins have a high probability of not breaking their previous lows, for example: Zen and SSV. If they do break their previous lows, that would be a very good opportunity. To capture the seasonal gains from altcoins, the strategy is to place orders for promising altcoins in batches to avoid missing out on market movements.

For larger scale trades, the strategy is still to wait for BTC to break 92230 and ETH to break 3100 before switching to larger scale long positions.