Market Analysis - Bitcoin's weekly chart shows strong momentum, breaking previous highs and reaching new historical highs [1] - A potential harmonic pattern reversal was considered but hasn't materialized yet [1] - The analyst is cautious about going long after a large bullish candle, viewing the area as a distribution zone (AMD - Accumulation, Manipulation, Distribution) [1] - The analyst suggests a potential target of 113% for Bitcoin's upward movement [1] - The analyst notes the absence of bearish divergence in the market, suggesting further upward potential [1] Trading Strategy - The analyst does not recommend going long at the current level due to the AMD pattern indicating a distribution area [1] - The analyst suggests waiting for bearish divergence and the 113% target to consider shorting, rather than placing orders preemptively [1] - The analyst emphasizes the importance of consistency in trading and avoiding extreme views [1] - The analyst suggests that Bybit is the most suitable exchange for technical analysis and contract trading, while Binance is preferred for spot trading [2] Ethereum Analysis - Ethereum is expected to reach a higher target, with the analyst suggesting it is likely to happen [2]