1. This week's market: Bitcoin rose and then fell, while Ethereum weakened.
(1) Bitcoin: Struggling to rise, returning to the starting point
This week, Bitcoin initially rose slightly, and there was some hope in the market, but the buying pressure did not follow up, and the coin price fell back to the level it started to rise this week. This indicates that the current market opinions on key price levels are divided, and short-term funds are also relatively cautious. Without stronger favorable news, bulls cannot push the price to break through the consolidation range.
(2) Ethereum: Continued sluggishness, slowly declining
Ethereum has been weaker this week, gradually moving downwards with hardly any significant rebound, and no obvious buying support has been seen. On one hand, there haven't been any major positive developments for Ethereum recently, and on the other hand, the overall activity in the cryptocurrency market is insufficient, making it difficult for it to shake off the downward pressure.
2. Short-term trend: This has rebounded, still looking bullish.
From the hourly chart, the market shows positive signals. The coin price has been oscillating between the middle and lower bands of the Bollinger Bands, accumulating momentum; furthermore, the recent K-line often has long lower shadows, indicating that the bears are losing strength at the current price level, there is support below, and buying pressure is starting to enter the market.
After adjustments this week, market sentiment has warmed up, and expectations for a rebound have increased. Whether it's a technical correction that needs to be addressed or funds slowly flowing back in, the possibility of a continued rebound is high. Therefore, we remain optimistic about a rise and suggest short-term operations focused on "buying more when it drops."
3. Operation Recommendations: Seize Retracement Opportunities and Control Risks
When operating specifically, you need to closely monitor the support level after the coin price falls. For Bitcoin, pay attention to the price level where it starts to rise this week; if it falls to this level and stabilizes, you can buy more. For Ethereum, look at the lower end of the recent fluctuation range; if it stabilizes, you can also buy more.
In addition, position control is necessary. Although the rebound signal is clear, the cryptocurrency market still has uncertainties, and reasonable position control is needed to respond to volatility. During the weekend, pay close attention to news; if there are any significant positive or negative developments, adjust strategies in a timely manner to seize opportunities and mitigate risks.
In short, although the cryptocurrency market has been adjusting and diversifying this week, both short-term technicals and sentiment are improving, providing support for a rebound. Investors can remain bullish, positioning themselves when coin prices pull back to seize opportunities for market recovery.