Bitcoin has broken through and fallen back for the second time. The monthly line is about to close, facing pressure from the upper Bollinger band. The weekly line has touched the upper band twice and is under pressure. The RSI indicator is turning down, so there is a high probability it will retest the middle Bollinger band, which is around 94,000 to 95,000.
Ethereum's monthly line has pierced the middle Bollinger band, and the weekly line has formed a "throwing a brick to attract jade" pattern, with three consecutive weeks of doji candles. This pattern is a signal to remain bullish, with a chance to reach the upper Bollinger band, which is around 3,300. However, it is also necessary to pay attention to Bitcoin's current pullback, which will have a short-term correlation. After the pullback, we can continue to look bullish.
Regarding the news, the U.S. appeals court has allowed the tariffs imposed by the former president to temporarily remain in effect. The series of tariff increases is essentially an artificial attempt to burst the economic bubble. This is also why there has been a push to make Bitcoin a national strategic reserve. Currently, the trend of de-dollarization globally is unstoppable, and Bitcoin serves as a tool to mitigate the impact of this trend.
Bitcoin
The daily upward trend has broken down, completing a shark pattern at 0.886 and rebounding to 1.13 before facing pressure. Additionally, it has broken through 110,000 and fallen back. There is still momentum for a continued short-term pullback. After completing the 0.886 wave, I have been reminding not to chase the rise; instead, we can accumulate in batches after the pullback. The daily MACD continues to show a top divergence, with the key support at 100,000, as well as Fibonacci levels at 0.5 (92,222) and 0.618 (96,400).
Support: 92,222—96,400—100,000
Resistance: 106,000—110,000—112,000
Ethereum
The weekly line of Ethereum has formed a "throwing a brick to attract jade" pattern, closing with three doji candles. The daily line has broken through the daily high three times and then fallen back. Currently, it is affected by Bitcoin's pullback and will likely decline in the short term, with key support at 2,300—2,100. However, we cannot rule out the possibility of a piercing spike, so I personally suggest accumulating in batches. If an extreme spike occurs, it could drop to 2,000.
Support: 2,000—2,100—2,300
Resistance: 2,788—2,856—3,300
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This article is time-sensitive and for reference only, with real-time updates.
Focusing on K-line technical research, sharing global investment opportunities. Public account: BTC Trading Prince Fusu
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