This week's market is nearing its end, let's briefly review the overall trend and outlook for the future. This week, Bitcoin gradually stabilized around 83900 after a pullback at the beginning of the week, followed by a rebound with two consecutive days of gains, gradually recovering the previous decline. The price faced resistance below 95000 and consolidated for a while before gathering strength to rise again, refreshing recent highs over the weekend, reaching a peak of 95769. This week showed a strong bullish trend overall, with a total increase of over ten thousand points and a very noticeable volatility. During this period, we also provided corresponding strategies for long and short positions based on market changes, which proved effective, yielding considerable returns. Currently, there is a continuous winning streak; if you are still making frequent mistakes and struggling to grasp the rhythm, consider making a change, as new choices may completely turn around your situation.
From the weekly structure, Bitcoin has shown a clear bottoming rebound, with three consecutive bullish candles recovering most of the previous losses, indicating a strong bullish trend. Although Ethereum also rebounded, its strength is noticeably weaker and has not yet recovered the important threshold starting with 2. Looking back at the trend, Ethereum followed Bitcoin quickly during the decline but lagged significantly during the rise. Bitcoin's recent highs are approaching the key resistance zone of 95000-96000, which is the starting point of the previous significant drop. If it can stabilize in this area, it is likely to initiate a new bull market, challenging the 100,000 mark; if it faces resistance at the highs, it may fall back again for adjustment. From the weekly K-line performance, the upward pressure remains considerable, and if the short-term rise cannot be sustained, a pullback is likely next week. It is expected that Bitcoin will retest around 90000, where this level is expected to turn from resistance to support; we will respond flexibly based on actual market changes at that time.
It is suggested to consider short positions for Bitcoin in the range of 94000-94500, aiming for around 91600; for Ethereum, short positions can be arranged in the range of 1820-1840, aiming for around 1750.