Good weekend, friends. Another week of market activity is about to come to an end. Looking back at this week's market, the price was driven by news sentiment and initially declined before rebounding. On Monday afternoon, the price surged rapidly. After some consolidation, on Thursday, the price continued its previous bottoming action, breaking below the previous low of 65,500. It then entered a slow rebound correction. Reviewing this week's live trading, on Monday morning, the short-selling strategy was followed by a trend-based long entry in the evening, resulting in a total gain of 2,137 points. Early Tuesday, the rebound continued, and after a correction in the morning, a long and short position were precisely closed for a total of 1,879 points. On Wednesday, a long position was accumulated for a total of 2,120 points. On Thursday, a long and short position were closed for a total of 2,501 points. On Friday, a short position was closed for a total of 2,616 points. This week, the cumulative swing trading in Bitcoin gained 11,253 points, while Ethereum gained 422 points. The real trading account holdings also grew rapidly this week. Some friends following the rhythm have already achieved precise tripling of their positions in just three days. Leave the professional tasks to the professionals; our strategy and ideas remain accurate and online, helping you quickly overcome current difficulties.
Looking at Bitcoin on the 4-hour chart, the price dropped sharply below the lower band with consecutive bearish candles. After a slight rebound, it entered a sideways consolidation phase with alternating small bullish and bearish candles. Currently, the MACD has shifted from negative to positive, and the price correction is still ongoing. The key focus moving forward is whether the support at 65,500 holds. If it breaks, the price may continue to decline and extend the previous bottoming trend. Otherwise, we expect a rebound after a significant decline. In the short-term hourly chart, the weekend market lacks catalysts, and volatility continues to contract. The overall trend shows a slow upward oscillation with higher highs and higher lows. Tonight’s short-term strategy is to watch for a gradual range-bound rise, continuing the rebound correction trend, and participate in buybacks on pullbacks.
For Bitcoin, consider long positions around 66,200, with attention to 67,200. For Ethereum, consider long positions around 1,980, with attention to 2,040.
