After the rise in BTC, it has continued to oscillate at a high level. Is it gathering strength to surge again or has it already peaked?

First, looking at the weekly level, after last week's large bullish closing, there is a certain continuation this week, ultimately being suppressed by the upper track, resulting in a bearish candle with a long upper shadow. Overall, the strong trend is beginning to slow down, while the bullish energy is gradually weakening. Currently, the moving averages on the weekly chart are declining, and the KDJ indicator, after lingering in the overbought zone for a while, has started to trend downward with all three lines. There are obvious signs of a pullback in the overall trend.

Looking at the daily level again, although the price rebounded the previous day, there was insufficient supply afterwards, and the trend did not stabilize and rise. Currently, it has retreated again to the support below. If the price cannot sustain a rebound and break through the high resistance (120,000-121,000 area), then the direction will change. The key level below is 115,000; a valid breakdown would completely open the downside channel. Otherwise, it will continue to test upwards.

From a personal perspective, this round of rise shows a significant stagnation performance. After the previous peak of 123200 faced pressure, multiple attempts to test upwards have been unsuccessful, and the strength of the rebound is clearly weakening. Therefore, the overall direction still needs to be bearish.

Refer to three short positions, around 119000, around 120000, and around 121000, first looking at 115000, if it breaks down continue to look at 110000.

Ethereum, independent trend, price soaring, currently at a high point in the 3694 area, approaching the 3700 mark, with no signs of a pullback in the short term. Any slight pullback in the short term will be strongly pulled back by the bulls and refresh the high point. The trend is very strong, showing signs of further upward movement. It is recommended to follow the trend, with a focus on buying on pullbacks in the 3580-3500 area, initially targeting the 4000 resistance. If it has not reached or broken through, adjustments should be made in real-time. #BTC# #ETH#