In the U.S. Valley, the gentleman reminded on January 19 that there would be a crash. However, it has continued to decline for about two months. Last week, it rebounded near last year's high and also opened high due to the ceasefire effect.
It has now recovered 60% of the decline, and the rebound strength is still considerable, so next week will be very critical. If it can continue to set new highs, it will also drive a rebound in the cryptocurrency sector, but ideally, a second test would be needed to confirm.
Gold and silver have been in a narrow range since their sharp drop on January 30. The lows are decreasing, limiting the rebound height. The gentleman has been reminding that it is not suitable for medium to long-term positioning, and even if it is not at the historical peak, it is getting closer to the stage top.
Bitcoin
Bitcoin has once again encountered a pullback near the resistance level of 74000. This pressure is still very significant. Moreover, the downward trend line has not been broken. The current attitude remains cautious. The weekly MACD shows a bottom divergence and a crossover of the fast and slow lines. However, it has not crossed the zero axis yet. Therefore, the next 1-2 weeks will also be quite crucial.
If it can once again stand above the zero axis, there will be a small rebound, although the height of the rebound will not be too high, and short-term still looks for a pullback, with a daily view leaning towards a decline.
Support: 65000 to 70500
Resistance: 74000 to 76000
Ethereum
The weekly MACD shows a bottom divergence with a crossover of the fast and slow lines, and the downward trend line is not broken. Pay attention to whether it can flip the zero axis in the next steps. The daily chart has returned to the resistance zone, where it is not advisable to chase long positions; short-term opportunities for shorts have appeared, with support around 2157.
The 4-hour chart shows a top divergence and has dropped back again, overall still fluctuating in a narrow range, grasping short-term opportunities first.
Support: 1936 to 2157
Resistance: 2329 to 2385
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The article has timeliness and is for reference only, updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: BTC Trading Gentleman Fusu
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