BTC has not broken the previous high for a consecutive week! Tonight, the US stock market may decide the first direction of this week!

CN
2 hours ago

The new week officially begins, and with institutional funds returning to the market, overall volatility has significantly increased. Today, the Asian market has already seen multiple upward and downward spikes, with bulls and bears continuously contesting key ranges, but the direction remains unclear.

The biggest feature of the market currently is still cyclical differentiation.

Short-term and medium-term signals are not unified, leading to frequent back-and-forth price fluctuations, yet no sustained directional market has formed.

It is worth noting that the previous high has not been broken for a consecutive week.

From a trading rhythm perspective, the longer the pressure level lasts, the more profit-taking and trapped orders accumulate. If the bulls cannot break through with a significant increase in volume, selling pressure from above will continually rise, making it more likely for the market to test lower support before rebuilding upward momentum.

Thus, today's daily closing performance is especially critical:

  • If daily momentum continues to strengthen and closes with a solid bullish candle, then the bulls still have a chance to continue restoring;

  • If the daily volume decreases again or closes bearish, then be wary of the daily level entering a new round of adjustment.

During the day, the Asian market is expected to mainly fluctuate and saw back-and-forth, while the real determinant of today's direction will likely be the European and American trading sessions after the opening of the US stock market tonight.


₿ Bitcoin (BTC)

View: Fluctuating with a bias towards bullish, buy on dips during sharp declines, monitor for stagnation signals above 65500.

BTC currently maintains a fluctuating repair structure.

From a cyclical perspective:

  • 1 hour remains biased towards bullish;

  • 2 hours enters an adjustment cycle;

  • 4 hours maintains a neutral to strong bias;

  • Daily is currently in a directional selection phase.

The most important observation today is whether the daily momentum continues to strengthen.

If the bulls can maintain increased volume, then the market has a chance to continue challenging higher pressure areas; conversely, if volume shrinks, the market may re-enter a daily level adjustment.

Operation suggestions:

  • If the Asian market quickly declines, pay attention to dip-buying opportunities near key support;

  • If the price rebounds above 65500 and noticeably stagnates, then still pay attention to profit-taking at high levels or short-term pullback opportunities.

Overall, it still belongs to a fluctuating market; patiently waiting for trading volume to cooperate is more important than betting direction in advance.

Key Positions

Support:

  • 64000-64450

  • 63550

Pressure:

  • 65500-66000

  • 66700

  • 67200


⟠ Ethereum (ETH)

View: Following fluctuations, waiting for BTC to drive the breakout.

ETH has seen little change in exchange rate over the past week, overall maintaining high-level fluctuations.

Currently, the trend is still primarily following BTC, temporarily not forming a sustained independent strong market.

From a cyclical perspective:

  • Short-term trend is biased towards bullish;

  • Long-term cycle remains in the repair stage;

  • In the Monday morning session, notable upward and downward spikes occurred, with still significant divergence between bulls and bears.

There is still a positive factor in the current market:

Recent external risk sentiment has somewhat eased compared to before; if the external environment continues to stabilize, it will help the market form short-term bullish consensus, and risk appetite for funds is expected to gradually recover.

However, it should be emphasized that this more belongs to an improvement in sentiment; what truly determines the continuity of the market is still trading volume and capital inflow conditions.

Therefore, it is still recommended that ETH uses BTC's trend as the primary reference:

  • If BTC breaks through, ETH is more likely to complete a rebound;

  • If BTC is blocked and falls back, the probability of ETH strengthening independently remains relatively low.

Key Positions

Support:

  • 1895-1905

  • 1875

  • 1860

Pressure:

This article is published exclusively by the 【Huijing Community】 and represents personal views. Due to a certain delay in information transmission, the content is for reference only and does not constitute any investment advice; please make rational judgments and operate cautiously.
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