Hello everyone, good weekend. The market trend this week can be described as Ether and Bitcoin moving in sync with significant ups and downs. Bitcoin surged strongly above 124400 on Thursday, once again setting a new historical high for Bitcoin, while Ether also reached a new annual high at 4788. Subsequently, in the evening, influenced by news, both Bitcoin and Ether faced a setback, resulting in a substantial pullback. The continuous strong rise that lasted for over ten days has come to a halt. Currently, both Bitcoin and Ether have entered a sideways consolidation phase. This week, our real trading layout has also yielded quite good returns, with Bitcoin achieving a strong performance of 10114 points, while Ether accumulated a gain of 1100 points. This week, many new partners who recently joined have successfully achieved their first goal of doubling their position size. Looking ahead, the market trend is expected to meet our expectations, leading everyone to forge ahead in the crypto world.

From the daily chart perspective, after the coin price rose with consecutive bullish candles, it was quickly engulfed by a large bearish candle that covered most of the previous upward movement. Currently, the coin price is trapped in a sideways consolidation phase above the middle band, and after closing a doji bullish candle yesterday, the price has experienced a slight rebound, successfully standing above 118,000 again. The trend of Ethereum is basically in sync with Bitcoin. Looking at the four-hour chart, the coin price has continuously closed bearish candles, quickly dropping below the middle band, influenced by the weekend market. The coin price has entered a sideways consolidation, currently showing some rebound. The current market is testing the pressure at the middle band, and we can continue to pay attention to the gains and losses at this level. If it can effectively break through the middle band, the coin price is expected to continue the current rebound trend and test further upward. Currently, the four-hour KDJ lines are rapidly diverging upwards, and the MACD energy bars have turned from negative to positive. Overall, there is still some room for the price to continue its rebound. In the short term, maintain a bullish outlook, and in terms of operations, respond with a buy strategy on pullbacks.
BTC is long around 118000, watch near 119000, ETH is long around 4500, watch near 4600.
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