BTC

A new week has begun, and Zhou Xun closed with a small gravestone doji, but this does not necessarily mean that this wave of market is at its peak. Looking at the cycles, the current position needs to repair the four-hour and daily level charts. We have been emphasizing over the past few days that as long as the 116300 level is not breached, it will continue to oscillate around this range. In the early hours of today, it also retracted to this position twice without breaking through, instead forming a pin bar. After repairing the daily level at this position, it will test the previous high again. There are two scenarios here: either it does not break 116300 and oscillates between 116300 and 119800, or it breaks 116300 and returns to the 114100 level, then consolidates before rebounding upward. Therefore, the overall intraday strategy is mainly oscillating, and a significant drop is not anticipated.

ETH
Ethereum has been performing very well these days, and many communities are bearish, but I have always told everyone that a significant drop is unlikely, and it will continue to rise because the cycle has arrived, and it won't change so quickly. Currently, Ethereum has also touched the previous high point around 3822. The recent surge yesterday afternoon can be considered a four-hour high. After this surge ends, a divergence has formed on the four-hour chart, so at this current position, it is also necessary to repair the four-hour level market. Personally, I believe this position will maintain a period of consolidation, so in the short term, we need to pay attention to the support below at 3642–3546 and the resistance above at 3822–4000. This wave of altcoin market is not over yet #山寨季何时到来？# .