In the past week, the price of Bitcoin rose slightly at the beginning of the week before starting to pull back. The expectations given at the beginning of the week were basically consistent, and the daily chart still overall shows a shrinking consolidation pattern. In terms of K-line structure, it is still in the adjustment phase, although there has been some back-and-forth movement. From the perspective of adjustment space, it has not yet reached the end of the adjustment, as every round of rise is accompanied by a pullback, which indicates weakness.

In the short term, there were attempts to reach new highs followed by pullbacks, and any slight rise starts to adjust. The K-line is leading the indicators to start turning downwards. Overall, it remains relatively weak, which is consistent with the basic situation of the weekend. Considering that the K-line still has a large space for adjustment, in the short term, it still leans towards a further increase in space for a pullback. At the beginning of the week, it is still advisable to follow short positions.

On Monday, pay attention to short positions near 97,000, with a target focus around 95,000.