Last weekend, I mentioned that the weekend wouldn't be dull and wouldn't just have a volatility of merely k points like previous weekends, and it shouldn't be treated as a range-bound fluctuation. The trend has also been like this; on Sunday, it directly pumped 3500 points, and Monday continued the upward trend. After being swept 500 points on Sunday, the market immediately turned around, gaining 4000 points over two days. So previously, weekends were all about watching the range, and even if the position wasn't great, it could still be taken, but last week, things were happening, so one definitely shouldn't resist. In a fluctuating range, it’s fine to resist, but when things are clearly happening, one shouldn't resist; if it's time to turn, then turn. Even if it hasn't turned, one should still maintain good defense and wait for a better position to re-enter.

At the end of the week, there was a strong pump, which continued into the beginning of the week. After the upward movement, it entered a consolidation phase, and given that it is also a holiday, the movements in the market will not be too significant. Currently, the trend is in a sawtooth pattern, and the recent continuity of the pump has been relatively poor. However, there is still some continuity in the pump, although it is not far from the upper resistance, so I do not expect it to extend too much space. If there is a correction, it should first be a pump, and if there is a direct attack, it can occur near the resistance level.

The support is around 112900 below, and the resistance is around 115600 above. #btc #ETH