After several days, Old Chen looked at the market data for the first time. From the current market data, BTC has strongly broken upwards since stabilizing around 107000 at the beginning of the month, reaching a new high of 123300 before falling back into a tug-of-war phase. ETH, on the other hand, has risen from around 2400 to a high of 3674 before pulling back, showing strong supplementary rise sentiment.

#特朗普施压鲍威尔
From the daily candlestick perspective, BTC has broken out of the wide range oscillation pattern, showing a strong upward trend in the face of directional choices, accompanied by continuous breakthroughs of new highs. The momentum is gradually weakening, and experiencing short-term pullbacks is an inevitable process. At the same time, the main force's operational exchange rate is cyclical, and the duration will inevitably not be too short. Currently, the key points of contention are concentrated at the upper level of 125000 and the lower level of 115000.
Activity on the Ethereum chain has indicated that BTC is pumping, and ETH will inevitably follow with a rise. Moreover, we are still in the first round of the rise phase. After returning above 3000, there will be a second round of rise, known as the steady rise to 3 and the hopeful rise to 5.
After breaking the high on the four-hour chart, it returns to a normal oscillation pattern. In the short term, there will be a noticeable process of contraction, but Lao Chen is not optimistic about the sustainability of BTC's direction choice in the short term. The selling pressure after breaking the high will keep pushing down on the progress of the market data, but the buying pressure above 110,000 will provide strong support.
#山寨季何时到来？
Regarding the layout: After breaking the high, short-term operations are not that easy to handle; periodic layouts will show a better cost-performance ratio.
Key points in the cycle:
BTC: 125000-115000-110000
ETH: 4000-3500-3000
#ETH突破3600
Short-term layout suggestion:
Enter a low long position, currently you can enter the market below BTC 118000 (aggressive traders can enter directly nearby), aiming for 120000. If it fails to break through effectively, short at 117200.
ETH is rising, primarily focusing on low entry points, entering the 3550-3500 range, looking for a new high around 3700, and if it breaks, aiming for 4000.