Bitcoin continued its downward trend yesterday, with an intraday low touching the key support level of 81,600. Although the market attempted a rebound at one point, it failed to break through effectively, closing the week with a large bearish candlestick, indicating insufficient market momentum.

From a technical perspective, the densely packed bearish candlesticks overnight suggest that the market needs time to digest the selling pressure. If the candlestick body cannot quickly keep up with the downward trend, a slow rebound may occur, but constrained by the sluggish market sentiment, the rebound strength is expected to be limited.

The current market has entered a clear weak adjustment cycle. The absence of positive news, combined with the tense international trade situation, has further intensified the selling pressure. Continuous capital outflow has led to a lack of support for prices, making it difficult to form a strong rebound. On the daily level, the candlesticks have consistently closed with medium bearish signals, and prices are continually pressured below the moving average system. If the adjustment trend continues, prices may break below the 81,500 support level and further test around 79,500, continuing to seek bottom support.

Operational suggestion: Consider shorting Bitcoin in the range of 82,800-83,300 during a rebound, targeting the 81,800-79,500 range. After breaking through, you can continue to hold.