Bitcoin Market Analysis: On the weekly level, the current upward trend is clear, with prices staying above the key support zone of 79,300-78,750, which is a normal retracement test during an upward move.
79,300-78,750 (weekly strong support, trend lifeline)
Resistance at 81,300 (short-term rebound resistance). As long as this week’s support at 79,300-78,750 holds, the weekly chart is likely to continue upward next week; if it breaks below this range, the weekly trend weakens, and the correction deepens.
Ethereum Market Analysis: In recent weeks on the weekly level, prices have been testing the large range of 2,210-2,420, forming a converging triangle pattern. The upper resistance is decreasing, and the support is continuously rising, placing it at a critical decision point.
Key support levels: 2,218-2,205 (weekly strong support, triangle lower edge) 2,161-2,173 (previous low support)
Resistance at 2,375 (triangle upper resistance) 2,420 (range high resistance)
The MACD indicator shows a bullish crossover below the zero line, with the red histogram gradually increasing, indicating initial bullish momentum. If this week’s support at 2,218-2,205 holds, it is likely to test 2,375 upward; if it breaks below this range, the triangle pattern will break, trend turns bearish, and it may decline toward 2,173-2,161 support.
Intraday Short-term Trading Suggestions: Buy on dips near 79,000 for Bitcoin, with a stop at 78,300, targeting the 80,600-81,300 zone, and watch for a breakout near 81,900; if not, consider shorting.
Ethereum Trading Suggestions: Buy on dips near 2,240, with a stop at 2,200, targeting 2,300-2,320, and watch for a breakout near 2,350-2,370; if not, consider shorting. (Strategy for reference only)
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