BTC) and ETH) have seen significant price increases over the past seven days, with Bitcoin soaring more than 35% and Ethereum soaring more than 25%, plus the issuance of ARB

All of a sudden, many groups that have been silent for a long time became active. The most stimulating and active things for a group are always airdrops and a big bullish candle.

Here we think about the logic of BTC's surge. It is likely that the central bank's collapse has led to the improvement of the current financial system, and the Fed may cut interest rates in the second half of the year, which has led to optimism about the bull market's return, and has also accelerated the current rise.

Ethereum, the second largest coin by market cap, is trading at $1,809.90 with a 24-hour trading volume of $12,940,582,584. The rise in ETH prices also indicates a bullish trend in the cryptocurrency market.

Secondly, the central bank’s collapse, regulators urged Credit Suisse and UBS to merge, and investors sought safe havens, causing Bitcoin prices to rise again.

Credit Suisse Group AG faces a critical weekend as authorities urge the collapsed Swiss bank to consider a merger with rival bank UBS Group AG, though both banks have shown little appetite for a tie-up and regulators have no power to force a merger.

Over the weekend, Credit Suisse CFO Dixit Joshi and his team will gather to discuss the company's potential future from a strategic perspective.

Global financial markets were reeling from the news, which raised concerns about the health of the global banking sector, especially in Switzerland.

As investors become increasingly concerned about the current market environment, people are flocking to commodities such as gold and cryptocurrencies such as Bitcoin.

The result has been a significant rise in the value of Bitcoin, a cryptocurrency widely considered to be the digital equivalent of gold. It is important to remember that this development may not have a lasting impact on Bitcoin prices or the cryptocurrency market as a whole.

But while looking for safe-haven assets, it will directly lead to a problem, the US dollar will fall.

The Smoking Ghost is really turning, let’s talk about the possible price trend in the future

BTC:

27750 is a strong resistance. If it breaks through, it will go to around 31000. If it fails to break through, it will go to 23500.

ETH:

It has broken through the resistance area of ​​1750 and is looking for resistance near 2000 above. The resistance below is 1700? 1620? These two