How do you view the market this week?

$BTC is still at the bottom of a wide fluctuation range. Last week, it rebounded due to dovish comments from Powell, but was gradually sold off by large holders, showing overall weakness. If it breaks below the support level of 112000 this week, we will look further down to a bearish fluctuation in the lower range.

$ETH had a wide fluctuation between 4060 - 4956 last week, which was as expected. I also made a profit by longing at the bottom of the range. If BTC moves to break down this week, ETH may continue to fluctuate as well. It's worth noting that the ETHBTC exchange rate is approaching the resistance level of 0.045, which is a good place to start taking profits for exchange rate trading.

The exchange rate of SOLBTC has also returned to a key resistance level, which is the peak of last year's Solana meme phase, as well as the distribution phase of the previous round of $SOL. Therefore, this resistance level will be very strong and critical. Similarly, if BTC breaks below the key position, SOL will also be seen as having failed to break through at the top of the range and will oscillate downwards.

How to do it

In the end, the market still has to look at BTC's face. If it breaks below the key level of 112000, close the long positions and protect last week's profits.

The market may enter a more complex consolidation range, and choosing to hold a short position might be a better way to get through. You can participate in some wealth management and new investment projects.