Back from the May Day holiday, here's my weekly analysis fro

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--Bullish

Back from the May Day holiday, here's my weekly analysis from April 20th, and it was just two words: trend reversal.

The market played out as expected.

Just imagine if you had low-risk bought in on April 20th, instead of FOMO buying during this sideways phase.

不懂交易的猫

Bullish

$BTC $ETH Weekly analysis update: (#BTC走势分析 #ETH走势分析 )

This week's theme: Market change

BTC Weekly Analysis:

Last week, it broke through the Range High (71200) and successfully closed above it.

69K - 71K shifted from Supply to Demand.

Scenario 1: If BTC closes above 79.5K, which is above the 0.5 level of the 60K - 98K fibo, then BTC will experience rapid expansion.

Scenario 2: If BTC closes below the Range High (71200) again, at least BTC will retest the important liquidity below that hasn't been tested (62K, 60K).

ETH Weekly Analysis:

ETH is relatively stronger compared to BTC, which can be seen from the ETHBTC pair.

2.1K - 2.2K shifted from Supply to Demand.

Scenario 1: If ETH closes above 2.57K, then ETH will experience rapid expansion.

Scenario 2: If ETH closes below the Range High (2.1K) again, at least BTC will retest the important liquidity below that hasn't been tested (1.79K, 1.74K).

ETHBTC Weekly Analysis:

The ETHBTC pair has two layers of meaning:

1. The strength and weakness of ETH relative to BTC.

2. If ETH is strong relative to BTC, then altcoins excluding ETH are likely to experience a wave of expansion. Conversely, the opposite is also true.

Last week's weekly close was above the ETHBTC consolidation area Range High, indicating that ETH remains strong against BTC. We need to closely monitor this momentum.

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.