Next week's long-term outlook indicates that the trend is hard to reverse, and the weakness will continue, with breaking below 8 heading towards 7 being unstoppable.

This week, despite numerous positive news, the bulls have failed to stabilize the price above, and many friends are still fantasizing about the price returning above 100,000; it's time to wake up. Do you still think the bull market is ongoing?

Returning to the technical aspect, on the weekly level, the candlesticks are consistently bearish and declining, the middle track support has been broken, and it is difficult to stabilize at high levels. Currently, moving averages and various indicators maintain a bearish form, with obvious weakness in volume. Although there have been some rebounds, the opportunities for bullish recovery are limited, and there are signs of continued downward movement in the bearish trend.

On the daily level, the weak pattern continues to decline, and the downward channel is clear. Although there has been some upward repair, it has all been covered under the trend, and various indicators are turning downwards, indicating a continuation of the downward movement. In the long term, the probability of continued bearish movement is high, so for the future market direction, we should focus on shorting at high levels.

For Bitcoin, the long-term recommendation is to short in the 87,500-89,000 area, with a target attention on 80,000. If broken, continue to look down to 76,000-73,000.

No matter how big the stage is, if you don't step on it, you'll always be just an audience. No matter how strong your ability is, if you don't execute, you can only wish others success. No matter how good the market is, if you don't enter, it's just an illusion, just a dream.