$BTC Weekly Analysis: #BTC走势分析
{future}(BTCUSDT)
Last week's range high point had another SFP (false breakout).
This indicates that against the backdrop of a bear market, upward movements are prone to failure or may only be temporary rises.
Trading within the range requires caution, as the market is significantly influenced by geopolitical factors, leading to high volatility; range trading is often stopped out.
Scenario 1: The key point above is the previous high SH (76K), where there is a large amount of liquidity.
Scenario 2: If the upward movement is blocked and the range high (71690) is retested, it will continue to decline.
If the market rises online, it is likely necessary to first obtain the two key liquidity points below.
Key liquidity point 1: 62471
Key liquidity point 2: 60118
If the above two key liquidity points are obtained, followed by a false breakdown, the market will experience a significant upward movement.
$ETH Weekly Analysis: #ETH走势分析
{future}(ETHUSDT)
ETH is relatively strong compared to BTC. Last week, it stabilized at the range high.
However, I still wonder if ETH will have an independent market during this phase? I think it likely will not.
ETH's consolidation trend is still consistent with BTC.
Scenario 1: If BTC breaks the previous high, ETH will also break its previous high and enter the key area (2.4K - 2.5K).
Scenario 2: If BTC falls back within the range, ETH will also follow BTC back into the range (Range High: 2157).
ETH also has two key liquidity points below:
Key liquidity point 1: 1800
Key liquidity point 2: 1742
Similar to BTC, if the above two key liquidity points are obtained, followed by a false breakdown, the market will experience a significant upward movement.