BTC is currently in a phase of consolidation at a high level in the overall trend, which is also understood as a stage of washing out. In fact, the current price is relatively high, leading to normal fluctuations in the market. However, every time there is a decline, people tend to think it's a major rise or a waterfall decline. From a rational perspective, the current price is within a normal range of fluctuations. Last week, BTC rose to around 72,000 points, forming a high-level range with a clear resistance level. After two days of retracement, the market reached a support level near 64,000, forming a short-term rebound. The market is once again facing the resistance level of 70,000-72,000. Based on the current daily chart, only breaking through the 72,000 point can open up the space above and move towards a historical high, even reaching our first target range of 76,000-80,000. On the weekly chart, this week is expected to form a small bearish candlestick, similar to the trend of the previous week. In my understanding, the market for this month is likely to erupt around the middle of the month, as trends take time. Even consolidation or oscillation at high levels requires time. Let's see if next week's market can directly reach the high point of 72,000 and achieve our target position of over 76,000 in the middle of the month.

ETH is currently showing a relatively weak trend. When BTC rises, ETH's increase is not significant, but when BTC falls back, ETH shows a very weak performance. Therefore, in this week's market decline, ETH directly touched the support level of around 3,200, which is a previous support level. The recent rebound strength is actually not significant. From a normal perspective, the current weekly chart is in a parallel support rebound market. The current resistance level is still around 3,600-3,800. Similar to BTC's market at 72,000 points, ETH needs to break through and stabilize above 3,800 in order to open up greater upward potential and reach new highs, around our target range of 4,200-4,500. Based on the current weekly chart, today's closing is basically a half-bearish candlestick, indicating a stabilization phase in the market. The market trend is expected to move upwards, and we will see if next week can break through and stabilize above 3,800, leading to a continuous outbreak in the middle of the month, which will help the market to remain strong throughout the month.

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