Last week, the cryptocurrency market continued its oscillating upward trend, and both Bitcoin and Ethereum's performances are worth reviewing.
**Bitcoin Trend Review**
Starting from the low of 87402 on Monday early morning, Bitcoin rebounded to around 90373. However, the good momentum didn't last long, and on Monday evening, it fell back to around 86760. Subsequently, on Tuesday and Wednesday, it oscillated within the range of 89000-87500. By Thursday morning, the price rose again from around 87189, rebounding to a high of 91779 on Sunday afternoon. Over the entire cycle, Bitcoin gained a space of 12256 points this week, which is a significant increase.
**Ethereum Performance Analysis**
Ethereum rebounded from a low of 2922 to 3056. Afterward, on Monday afternoon, it retraced to around 2908. On Tuesday morning, it entered an upward mode, rebounding from 2924 to around 3165 before consolidating. This week, Ethereum gained a total of 522 points. Although the absolute number isn't large, the percentage increase is meaningful from a relative perspective.
**Current Market Pattern**
On the four-hour chart, the market is currently in a strong consolidation phase within an uptrend. The price remains firmly above key support levels and the central structure. Although the pace of upward breakthroughs has slowed, each retracement has been controlled, with no structural breakdowns. This indicates that the buying strength below remains solid, and the market is gradually resolving resistance above. From the pattern perspective, it looks more like a mid-trend consolidation rather than a reversal top—it's a phase of digesting floating positions with time, gathering strength for the next move.
**Trading Strategy**
For Bitcoin, consider long positions around the 90000-90500 area, targeting near 93000. For Ethereum, position longs around 3100-3080, with a target near 3200. The market still offers opportunities; the key is to grasp the rhythm.
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ShibaOnTheRun
· 01-07 20:21
Well, Bitcoin still looks bullish in this wave, but what I fear most is another sudden plunge.
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OnChainDetective
· 01-04 20:49
ngl the pattern here screams textbook bull trap setup... those "controlled pullbacks" always precede the structural breaks nobody saw coming. transaction data would tell the real story but sure, let's trust the pretty chart lines.
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GasGuzzler
· 01-04 20:38
It's oscillating again and building momentum. I've heard this explanation too many times. The real profit moments are always silent.
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BTCRetirementFund
· 01-04 20:35
This week's increase of 12,256 points in Bitcoin is indeed impressive, but I'm still worried about a potential false breakout... After all, I've seen too many of those in the past two years.
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RealYieldWizard
· 01-04 20:23
It's another week of the roller coaster. I think Bitcoin's momentum this time is pretty good.
92000 should be broken, or else we're in trouble.
Ethereum is still so weak; just this small increase and people are hyping it up.
It looks like it's time to start positioning again. Are you all ready with your stop-losses?
Last week, the cryptocurrency market continued its oscillating upward trend, and both Bitcoin and Ethereum's performances are worth reviewing.
**Bitcoin Trend Review**
Starting from the low of 87402 on Monday early morning, Bitcoin rebounded to around 90373. However, the good momentum didn't last long, and on Monday evening, it fell back to around 86760. Subsequently, on Tuesday and Wednesday, it oscillated within the range of 89000-87500. By Thursday morning, the price rose again from around 87189, rebounding to a high of 91779 on Sunday afternoon. Over the entire cycle, Bitcoin gained a space of 12256 points this week, which is a significant increase.
**Ethereum Performance Analysis**
Ethereum rebounded from a low of 2922 to 3056. Afterward, on Monday afternoon, it retraced to around 2908. On Tuesday morning, it entered an upward mode, rebounding from 2924 to around 3165 before consolidating. This week, Ethereum gained a total of 522 points. Although the absolute number isn't large, the percentage increase is meaningful from a relative perspective.
**Current Market Pattern**
On the four-hour chart, the market is currently in a strong consolidation phase within an uptrend. The price remains firmly above key support levels and the central structure. Although the pace of upward breakthroughs has slowed, each retracement has been controlled, with no structural breakdowns. This indicates that the buying strength below remains solid, and the market is gradually resolving resistance above. From the pattern perspective, it looks more like a mid-trend consolidation rather than a reversal top—it's a phase of digesting floating positions with time, gathering strength for the next move.
**Trading Strategy**
For Bitcoin, consider long positions around the 90000-90500 area, targeting near 93000. For Ethereum, position longs around 3100-3080, with a target near 3200. The market still offers opportunities; the key is to grasp the rhythm.