Let's take a look at today's market analysis. Bitcoin has already closed what is referred to as a weekly line, and at the weekly level, a solid bullish candlestick has appeared.

From the weekly perspective, Bitcoin still has the potential for upward movement. Additionally, Bitcoin has achieved three consecutive bullish candles.

From this angle, we can see a "horizontal three soldiers" pattern, which indicates that the subsequent upward movement remains strong. Currently, in the short term, Bitcoin still has room to rise. If it continues to move upward, the previous range of 96,000 to 98,000 is a key weekly level that could break.

At that time, after consolidating in this area, a significant gap appeared, and later the candlestick closed below that level.

Now that the price has returned to this area, in the short term, the range of 96,000-98,000 is a considerable resistance level. We need to pay attention to taking profits on long positions or partially reducing our positions after a rise. For short positions, we can look for partial entry opportunities. This is from the perspective of the weekly level.

After analyzing the weekly level, let's take a look at the daily level and examine the 4-hour chart for short-term pullback risks. As expected, the price reached 92,000 and 92,600, showing a slight pullback. After the pullback, the price quickly rebounded, returning above yesterday's price of 94,000.

Currently, to put it simply, the price is still consolidating and fluctuating within this larger range. However, from a smaller timeframe perspective, this can be considered a pullback, but the strength is not deep, and it has rebounded. If the price spikes and then consolidates again, it is likely to continue moving upward.

The upper range we are focusing on is 96,000-98,000.

If the price consolidates here and cannot break through, we still need to pay attention to the lower support levels, with the first support point at 91,500 and the second support point in the range of 80,000-90,000.

In the short term, Bitcoin has these two strong support levels below, and we can continue to position our trades around these supports.

Now let's take a look at Ethereum. There haven't been any significant changes in Ethereum, but the weekly line has closed with the bullish candlestick we were expecting, forming a "morning star" pattern at the weekly level.

The weekly "morning star" indicates that we should still focus on bullish positions moving forward.

From the weekly perspective, the upper range is around 1960-2,000, and we should pay attention to this range.

Switching to the 4-hour chart, we can see that the price is oscillating around the 1860 level.

As long as the price does not break through this level for a day, we can trade within this range by buying low and selling high. Below, we can focus on the 1720 range for the same strategy.

If Ethereum continues to struggle to move down from this level, it is likely to break upward. Therefore, for those holding short positions, it is essential to set stop-loss orders.

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