Market Overview - Bitcoin reached a high of 115,716 and a low of 113,355 yesterday, with a volatility of 2,361 points. Ethereum had a high of 3,698 and a low of 3,564, with a volatility of 134 points. A total of 77,138 people were liquidated today, amounting to 1.04 billion yuan [1] - The overall market is showing signs of recovery, with a notable increase in trading volume and activity in the altcoin sector, particularly in DeFi projects like ENA and CRV [2] Bitcoin Analysis - Bitcoin is currently facing resistance at the lower boundary of a blocking zone, with strong support levels identified at the Fibonacci 0.618 retracement level and the 15-minute Vegas channel. A potential breakout above 116,000 is anticipated in the next couple of days [3] - The recommendation is to avoid shorting Bitcoin, as the downside potential appears limited, and there is strong upward momentum towards 116,000. A cautious approach of light buying or small positions is suggested [5] Ethereum Analysis - Ethereum's price action has been weak, but it has formed structural support near the Fibonacci 0.382 retracement level. A significant breakout above 3,750 is necessary for a reversal [7] - The current price pattern resembles a "cup and handle" formation, which could lead to a new upward trend if Bitcoin rises and volume increases [9] Altcoin Market - The altcoin market is experiencing mixed signals, with many coins appearing to have peaked while others have yet to rise significantly. A potential altcoin season is expected soon, particularly if Ethereum breaks above 4,100 [10] - Caution is advised with new coins, as many are subject to manipulation and rapid price changes. Recent examples include significant volatility in coins like $LIZARD and $BOSS, highlighting the risks of chasing high prices [11][12]

Group 1: Gold Market Analysis - The core viewpoint indicates that gold prices have dropped nearly 2% due to a stronger US dollar and easing US-China trade tensions, which reduced gold's appeal as a safe-haven asset [1] - Gold's cumulative decline for the week exceeded 1%, with the US dollar index rising by 0.3%, making gold more expensive for overseas buyers and suppressing demand [1] - The easing of global uncertainties has led to a shift in investor preference towards risk assets, increasing downward pressure on gold prices [1] Group 2: Technical Analysis of Gold - After a pullback from around $3500, gold is currently facing resistance at the 23.6% Fibonacci retracement level (approximately $3368 - $3370) [3] - The price has rebounded from a low of $3265, with key support at the 38.2% Fibonacci retracement level (around $3300) [3] - Short-term trading strategy suggests focusing on short positions around $3345 - $3365 resistance and monitoring support at $3280 - $3260 [4] Group 3: Silver Market Analysis - The silver market shows key turning signals, with prices stabilizing above the MA55 moving average (32.502) and a bullish arrangement of MA14 and MA20 [6] - The MACD indicates a weakening downward momentum, while the RSI remains at 54.144, suggesting a bullish outlook [6] - Short-term trading strategy recommends short positions around $33.35 - $33.45 with a stop loss at $33.55 and targets set at $33.16 - $32.75 - $32.45 [6]