I originally thought this week the weekly line could close with a small negative. I didn't expect it to be pulled up again over the weekend. Although it broke through a new high again, it didn't break down significantly. Moreover, after a significant pullback to around 103200 in the evening, it is currently forming a double top pattern. Last week was a horizontal consolidation week, and there isn't much to say about it. The fact that there wasn't a significant breakout to the upside is good news; relatively speaking, it is still at a historically high position. There are no issues in the overall direction.
In terms of technical structure, we won't discuss it for now. Currently, we are still primarily relying on market sentiment for positioning. Recently, the market has been a bit chaotic due to Huang Mao. Up and down is basically a matter of his words. This has made it difficult to analyze the technical side. We are relying on news to position. Gradually moving down, positioning issues are not significant.
Bitcoin trading suggestion: 105700 to the south
