In the past week, there has been a lot of news, especially regarding tariff issues. Oscar owes Trump a little golden statue, but the essential issue was already mentioned by the young master in mid-February: if it doesn't go up, it will come down. Capital seeks profit and avoids harm; understanding the logic of capital operation makes everything relatively simple.
Bitcoin's weekly chart shows a doji, and it has set new lows for five consecutive weeks before rebounding. The current phase is somewhat similar to the trend after May 19, with a bottom consolidation for two months before rebounding upwards.
Bitcoin
The daily chart touched 86100, breaking the descending trend line and then retracing. The daily MACD is at the zero axis, breaking above MA20 but facing resistance from MA60 and MA120, which creates significant pressure here. If it breaks above MA120, there is a chance to reach 93000.
In the 4-hour chart, short-term retracement focuses on support at 82800 and 81300. If it holds, it will continue to rebound.
Support: 81300—82800
Resistance: 87300—93000
Ethereum
The weekly chart shows a spike to 1385 and then a rebound. Below that, the support levels are 1073 and 881. The young master's thought process is still that if you believe the bull market is still on, there is still an opportunity to gradually increase your position in Ethereum. The further it drops, the larger the rebound will be, but the volatility is also quite significant.
The daily chart is within a descending wedge, and the current downward trend has not yet been broken. The ETH/BTC exchange rate continues to decline, but it has also reached historical lows, and the altcoin season 16 is also facing a rebound.
Support: 1385—1500
Resistance: 1689—1750—1850
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This article is time-sensitive and for reference only; it is updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Official account: BTC Trading Young Master Fusu
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