The weekend is in a volatile range, and I don't know how many times I've mentioned this. Generally, the volatility over the weekend is not too large, and big fluctuations are rare, and any significant fluctuations must be supported by fundamentals. Therefore, not much can be gained from the weekend's trend, but it is also quite tedious. This week, the market has undoubtedly closed positively after a series of declines, and following the consecutive bearish days, we are now seeing consecutive bullish days again. So, will next week see three consecutive bullish days or a turn to bearish...

From an overall trend structure perspective, after hitting the bottom last week, a rebound was initiated. The rebound has been gradually testing upward resistance from a smaller level to a larger level. The market does not pull back strongly in one go, but instead, every time it reaches a resistance point, there is a slight retracement before pushing higher, and the final push is also influenced by fundamentals. The last breakout point of the weekly range has now reached the second high point of the weekly range and is under pressure, with a strong resistance at 117... If this level breaks, there is a significant possibility of testing the 122... position. If it does not break, it will retrace and then test the middle Bollinger band support of the weekly range again. It has already reached the upper side, so we can build defenses around this resistance level. Even if it pulls back, it won’t be much, but if it comes down, there will be more to gain.

Around 116400 to 116800, first look near 13900. #btc #ETH