In the latest market analysis, it was observed that Bitcoin’s weekly chart showed a cross star pattern, indicating a key turning point in the future market. Bitcoin’s price action is of particular interest this week as it could determine where the market goes next. If Bitcoin is able to break through the resistance at $73,777, we may see the price move towards the $75,000 level; conversely, if it falls below $64,533, the price may fall back to around $62,000. Currently, Bitcoin's daily chart shows that a support level has been formed near the central axis of the Bollinger Bands. This area is likely to attract some buying, and the target price may be $70,000 to $73,000. As long as the overall bull trend has not changed, the holding strategy is still a wise choice.
On the other hand, Ethereum’s weekly chart shows a top pattern, which also suggests that the market may choose its direction during the week. Despite this, Ethereum’s performance appears to be less robust than Bitcoin’s. Its daily chart shows that the price has fallen below the Bollinger Bands axis. If the price can regain ground above $3,680, we may see further upside with a target price range of $3,860 to $3,990. However, if the price falls below $3,200, the downside may be relatively limited. Nonetheless, the market remains bullish, and considering that Ethereum has yet to surpass Bitcoin’s performance, there is still room for upside in the future.