Bitcoin and Ethereum are still moving in the same pattern. After a series of upward movements, they are now entering a high-level consolidation and correction phase. The daily chart formed a Doji candlestick yesterday, and today it shows a small bullish candlestick moving upwards. The weekend market has suppressed the bullish momentum, but it has not given bearish traders any opportunities to take advantage. The short-term trend is unable to establish a strong one-sided movement; any slight downward momentum is strongly pumped back up, returning to the right track. The daily chart is still in a good upward trend line, and the structure has not changed. The Bitcoin monthly chart has shown four consecutive bullish candles, indicating a strong bullish market that continuously breaks through the upper resistance, creating a rebound pattern from the bottom, already refreshing the previous high. This week it has again reached new highs. The monthly chart shows a pattern of stepping up and looking back upwards. Considering the previous upward structure, the coin price still has the momentum to break upwards. The Ethereum monthly chart has also shown a rebound from the bottom pattern. This round of upward movement has followed the trend of BTC bulls, and it has already recovered nearly half of the space previously lost, returning to around the 3000 mark. The Bitcoin weekly chart shows a good upward trend. The previous stair-step rise, after experiencing a round of pullback correction, has not broken below the previous low points during the pullback, continuing to stabilize and rise. The pattern is changing back and forth. Next week, there may be a wave of consolidation and accumulation before further upward movement or continuation of the current bullish trend, directly refreshing the upper high points again. We will first see if the 120,000 mark can be broken; breaking through will lead to a continuation, otherwise, it will experience consolidation at high levels.

BTC-1.3%
ETH-3.11%
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· 07-14 09:48
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· 07-14 04:30
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· 07-14 03:33
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· 07-14 02:11
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· 07-14 01:05
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· 07-14 00:38
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· 07-14 00:37
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· 07-13 16:51
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· 07-13 16:12
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WukongIsNotAfraidOfvip
· 07-13 16:12
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