A week has passed so quickly, and it's time for our weekly review and summary. Let's briefly revisit this week's market performance. Monday was the first trading day after the US-Iran war, and the weekend's sharp decline caused widespread panic in the market. However, after the US stock market opened, it did not follow most people's expectations, and the overall trend remained upward. Tuesday saw a high probe followed by a correction. On Wednesday, the bulls surged with increased volume, breaking through the recent key resistance at 70,000. The price temporarily extended to the 94,000 level before facing resistance and pulling back. The market then entered a phase of adjustment, with a rebound. Currently, the weekend remains within the oscillation range established at the beginning of the week. How would we describe this week's market? Every time it reached a key level, it was met with resistance. In real trading, we closed two positions on Bitcoin and Ethereum, but overall, this did not significantly impact our profits for the week. Bitcoin gained a total of 14,100 points in intraday profit, and Ethereum gained 450 points. The substantial profit on Bitcoin is mainly due to our well-positioned swing trade. I believe our long-term analysis from last week also provided valuable insights. Many of our real trading students successfully reached their targets this week. As always, any market trend must be followed with the trend.

On the monthly chart, the current pattern shows five consecutive bearish candles, with only one small-volume real body candle as a correction. Over the past two months, the price has further deepened its correction, and the monthly structure is also approaching a correction phase. Currently, a long upper shadow doji star has formed, indicating that the monthly pattern is unlikely to continue falling in a straight line. A bear market is not just a continuous decline but involves a process of consolidation and gradual decline. On the daily chart, the overall price retraced to the middle band for support, then rebounded and tested support again. The Bollinger Bands are narrowing as the decline continues. In the larger cycle, the key resistance is around 74,000. In the short term, after testing support at the middle band, a second rebound may occur. Currently, there are no significant divergence signals on the indicators, and the overall market still has room to rise. However, whether it can further push above 74,000 in the short term remains uncertain. We can only rely on the previous bottom support during consolidation as a reference for low-position long positions. On the four-hour chart, the MACD histogram shows a bullish divergence, indicating a potential rebound. The Bollinger Bands are in a downward trend, but the market is consolidating without breaking the previous support level. In the short term, there are still opportunities for long positions.

For medium- to long-term trading, we are focusing on a Bitcoin position in the 66,000-67,000 range, aiming for around 72,000. For Ethereum, the medium- to long-term reference is 1920-1950, with a target near 2130. $BTC $ETH