A week has quietly passed by. I believe everyone should have made considerable gains this week. Let me give you a simple recap of this week's market performance as always.

Bitcoin fell into an adjustment pattern last week. After retesting the bottom around 65000 over the weekend, it rebounded from the bottom. At the beginning of the week, it maintained a gradual breakthrough phase overall. Intraday price action has basically been forming adjustments after breaking through key levels, breaking higher one level at a time. Compared to breaking through the 70000 level on Wednesday, the subsequent market has been consolidating in the 69000-71000 range. On Friday evening, after breaking through the 71000 short-term resistance with increased volume, it continued to push higher. Currently, the higher position is still facing pressure at the 74000 level. Although the weekend market saw adjustment after the surge, Bitcoin has already firmly stood above the 70000 level. This week we maintained a bullish bias throughout. Last week we also reminded everyone that the weekend was forming a bottom pattern suitable for long-term bottom picking. I wonder how many friends kept up with the pace. Our practical trading layout this week was primarily long positioning. Mid-week positions were stopped out at two key breakout levels, but the overall gains were quite considerable. Bitcoin this week captured a total of 14,600 points of space, while Ethereum captured a total of 485 points of space.

From a weekly timeframe perspective, Bitcoin is currently in the adjustment phase following a bear market bottom. This week closed with a positive candle body, with price reclaiming the 5-week moving average. The 66000-68000 region below has formed obvious support. The pullback from the previous 74046 high has been effectively digested. Although the MACD fast and slow lines on the weekly level have shown some convergence, overall they remain above the zero line, with the short-term bullish momentum undiminished. From the daily timeframe, Bitcoin has closed positive for consecutive days with price firmly above the 71000 level. The daily K-line has broken through the previous consolidation platform, standing above the Bollinger Band middle band, with short-term moving averages turning upward to form a golden cross—a typical adjustment completion signal. Previous multiple retests of the 70000 level have confirmed effective support, which has now converted into strong support. The bottom pattern on the daily timeframe is becoming progressively clearer. If follow-up volume breaks and consolidates above the 72000 level, it will inevitably break through the 74000 level again, with further upside potentially reaching around 76500. From the 4-hour timeframe, Bitcoin is in an uptrend channel following the breakout, continuously closing positive candles, and steadily moving higher along the Bollinger Band upper rail. The moving average system shows bullish alignment with lower lows incrementally higher and higher highs successively elevated; the uptrend structure remains intact. After a week of bottom building in the 69000-70000 range, subsequent bullish strength is clearly evident. In terms of trading strategy, we remain bullish.

Bitcoin wave: initiate longs around 70000-70500, targeting 74000 and 76500. Ethereum wave: initiate longs around 2020-2050, targeting 2200 and 2250. #比特币站上七万美元 $BTC $ETH