Last week's market analysis

From the chart, it can be seen that Bitcoin showed a strong upward trend overall last week. At the daily level, the price quickly rose from around 74,000, breaking through the key resistance, reaching a high of 93,265, and finally closing near 90,500.
This indicates strong bullish momentum in the market, breaking through the previous range of volatility.

Features:
Trading Volume: When it broke through 78,000, accompanied by significant trading volume, it showed the dominance of the bullish forces.
Candlestick pattern: Day after day, there are multiple positive lines, showing a standard trend acceleration signal for upward movement.
Resistance and Support: 86,000 has become the new short-term support, while 93,000 is an important resistance area for the upcoming week.
Future Trend Analysis
1. Daily Analysis
Trend direction: Currently, the daily chart is still in a strong uptrend channel.
Key position:
Support: 86,000, resistance: 95,000
Strategy: There may be a short-term retracement to confirm support, but if it breaks 95,000, there may be further upward exploration to above 100,000.
2. Weekly Analysis
Trend direction: The weekly chart has formed three consecutive bullish candles, breaking through the previous long-term range.
Key position:
Support: 78,000, resistance: 100,000
Strategy: If the closing price can stay above 90,000 this week, the upward trend may continue for the next few weeks.
3. Monthly Level Analysis
Trend direction: The monthly chart shows that this uptrend is one of the strongest uptrends of the year.
Key position:
Support: 70,000
resistance: 95,000-100,000-120,000
Strategy: The monthly closing above 85,000 confirms the bullish trend in the long-term cycle, and it is expected that there is still room for further price increase by the end of the year.
Summary and Strategy
Short-term strategy: Focus on whether the pullback stabilizes around 86,000, and you can set up long positions in the short term, with a target of up to 95,000.
Medium to long-term strategy: If the price continues to hold above 90,000, there may be a chance to challenge 100,000 or even 120,000 in the future.
Risk control: If it falls below 86,000, be cautious of the price Depth callback to around 78,000 and 73,000.
Based on the above analysis, the overall market is still in a strong bullish state, suitable for going long on dips. #BTC# #ETH# #ETH#