The battle of bulls and bears! After five consecutive days of gains for Bitcoin, there are hidden risks of adjustment. How should we respond to the inverted V reversal of Ethereum?

CN
7 hours ago

Good evening, crypto friends! I am Wang Yibo! Fans, hurry up and check in the comments section, those who like this will be able to seize the best opportunity to enter the market this week, and wealth will come rolling in! 🍗🍗🌹🌹

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Let's get straight to the point, the crypto market is so exciting this week! First, looking at Bitcoin, at the beginning of the week, riding the wave of "King understands the tariff cancellation," the bulls opened fire and surged to $105,800 in one go! This wave of increase is thrilling, but at the high point, it hit a hard nail, and the resistance is too great! Starting from the middle of the week, the market entered a tug-of-war, with a minimum pullback stabilizing around $107,000, both bulls and bears have been trading back and forth, and as of now, no winner has emerged!

Looking at the weekly level, Bitcoin has closed in the green for five consecutive weeks, and this upward momentum is indeed fierce! However, old coin friends know that history does not simply repeat itself, but always carries similar rhythms! Every time a large bullish candle appears, the market is likely to use a doji candlestick to complete a technical adjustment. Last week it rose nearly 10,000 points, but this week has yet to see a confirming bullish candle, and the volume-price coordination is also lacking. Now the weekly chart has closed with a high-position doji, and here comes the key point — if this week's closing price cannot hold above $104,000, then a deep adjustment may follow, so everyone should keep a close watch!

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Now let's talk about the intraday market. After a pullback, Bitcoin rebounded and stood above $103,500, touched $104,000 in the afternoon before pulling back, but the pullback was not significant. Although the weekend has seen fluctuations, the range of movement is not small! From the daily chart, the deep V shape has already hinted at a need for a pullback, and the upward channel is about to be broken, with technical indicators showing a death cross. However, now it is in a high-level consolidation, with bulls and bears temporarily at a standstill, just waiting to see who will break this balance first!

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Having talked about Bitcoin, let's discuss Ethereum! This week, Ethereum and Bitcoin's trends have completely diverged. At the beginning of the week, it barely reached $2,738, but then it immediately started to plunge, falling all the way to $2,442, and all the gains of this week have been given back, now it is fluctuating around $2,500. Unlike Bitcoin's stability at high levels, this "roller coaster" ride with Ethereum is enough to make people's hearts race!

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From a technical perspective, Ethereum's daily chart has formed an inverted V-shaped reversal, the short-term upward trend line has been broken, and the bulls are clearly struggling. The MACD has formed a death cross, with the green momentum bars getting longer; the RSI has dropped below 50, indicating a bearish dominance; the Bollinger Bands are opening downwards, with the price sticking to the lower band, all signaling bearishness! The upper resistance level at $2,600 is strong; if it cannot break through, there will be no chance for a rebound; if the lower level of $2,442 is lost, it may head towards $2,400, or even $2,350!

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Finally, a reminder to everyone, the crypto market is highly volatile, so make sure to set stop losses! If you want to know specific points and real-time market conditions, follow me so you won't get lost, and I will notify everyone in the live room as soon as there are big opportunities!

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If you are feeling lost — not understanding the technology, not knowing how to read the charts, unsure when to enter the market, not knowing how to set stop losses, not understanding take profits, randomly increasing positions, getting stuck at the bottom, unable to hold onto profits, missing out on market movements… these are common problems for retail investors. But don't worry, I can help you establish the correct trading mindset. A single profit is worth a thousand words, and finding the right direction is better than repeated failures. Instead of frequent operations, it's better to strike accurately, making each trade more valuable. If you need real-time guidance, you can scan the QR code at the bottom of the article to follow my public account. The market changes rapidly, and due to review timeliness, subsequent trends will be based on real-time layouts. I look forward to moving steadily forward in the market with you.

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