Bitcoin has recently been trending around a downward oscillation. In the short term, the decline broke the previous short-term low of 111850, reaching around 111698. On Friday evening, influenced by Powell's speech, the overall market closed strong with a bullish candle. Bitcoin's price reached a high of 117397 but was met with resistance, with a volatility exceeding 5000 points. Ethereum also recently touched a low of around 4202, with the support at 4000 still intact. We also mentioned earlier that after a rise, we do not recommend chasing rising prices in the short cycle. Instead, we suggest everyone to short around BTC 117000 and Ether around 4780. There's space to capture both.

This Monday, BTC laid out two long positions, gaining a total of 1154 points in space, while Ether laid out two long positions, achieving a total of 174 points in space.
On Tuesday, the BTC layout gained a total of 1039 points in space with one long position, and the Ether layout gained a total of 80 points in space with one long position.
On Wednesday, the BTC layout achieved a total of 1623 points from two shorting positions, while the Ether layout achieved a total of 223 points from three shorting positions.
On Friday, the swing long for BTC achieved a total of 4224 points, while Ether achieved a total of 375 points.
The week is coming to an end, and we have successfully closed with a total gain of 8040 points in BTC and 852 points in Ethereum this week.

From the current structure analysis, the entire market has digested the bullish trend and is gradually entering a correction phase in a small cycle. Therefore, the subsequent period can be understood as the bullish power period. In the hourly structure, the bullish strength is becoming increasingly obvious. Regardless of how deep the pullback is, the bulls can still recover strongly, and the momentum they build up is even stronger. Currently, there is a step-like upward trend. As the bottom support becomes stronger, the pressure will weaken with continuous upward movements. Thus, the subsequent layout remains unchanged, first observing the strength of the pullback. We still maintain a bullish outlook for the market.

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