Price surge and fall back, shrinking volume to consolidate--Weekly review and summary of Bitcoin and Ethereum
Review of last week's overall trend was stable, with the rhythm basically accurately grasped. Whether it was real-time interpretation in the live broadcast room or clear prompts of intraday strategies, the consistent approach was to short at high levels, with a clear direction and explicit viewpoints.
This week, the gains in live trading are self-evident, with Bitcoin accumulating 8,021 points of space and Ethereum 209 points of space. Maintaining a high win rate of 12 wins and 1 loss (many small-position students are not included in the statistics). Under Teacher Lu's guidance, students' profits steadily filled their pockets, and it is gratifying that some students have once again achieved account recovery. It is worth mentioning that new friends have joined the family, keeping pace with Teacher Lu, and setting sail next week!
All strategy ideas are disclosed in advance and verifiable, fully rejecting post-hoc analysis and avoiding any hindsight behavior, using real market conditions for validation, speaking with clear and traceable records.
First, let's review last week's market: Monday saw consolidation at low levels, Bitcoin hovered around 73,600, Ethereum around 2,250. On Tuesday and Wednesday, boosted by news, prices surged higher, with Bitcoin reaching a high of about 79,447, and Ethereum up to 2,420; then a pullback from the highs, with Bitcoin oscillating between 77,500-78,500, and Ethereum between 2,300-2,400 with shrinking volume. The whole week showed a pattern of rising and falling followed by consolidation. This morning, Bitcoin fluctuated narrowly around 77,600 - 77,900, with Ethereum consolidating around 2,310 - 2,320.
From the 4-hour K-line chart, after Bitcoin surged to 79,447, it formed a long upper shadow inverted hammer, a clear short-term top signal. Consecutive small bearish candles, with highs gradually declining. Currently, the price is around 77,600, with volume shrinking significantly, indicating no bottom-fishing positions entering. First support at 77,000, second support at 76,200. Resistance at 78,500-79,000; to break above, volume must increase, but this momentum is not visible now.
Ethereum is weaker, having already broken out of the downtrend channel. After falling from the high of 2,420, support levels below have been broken one after another. Now around 2,310, with 2,300 at a critical level. If it breaks below, it could directly target 2,260. Resistance at 2,380-2,400; like Bitcoin, a rebound with no volume is a false breakout.
In the short term, bears dominate, and rebounds are just giving away positions; do not rush to bottom-fish, as the market signals are very clear. Both Bitcoin and Ethereum are showing shrinking volume declines after surges and falls. This kind of movement is the most tricky for long traders—looks like it’s not falling anymore, but once entered, it continues to decline. So, the best current strategy is cautious shorting on rebounds.
Trading suggestions: Bitcoin around 78,200-78,500 short, aiming for 77,000 then 76,200
Ethereum around 2,330 short, first target 2,300-2,280, then 2,260