This week's Bitcoin trend has truly pushed the tug-of-war to the extreme.


First, it failed to break the previous high at the beginning of the week, leading to a pullback,
the market continued to decline, stabilizing after a virtual dip below the 75,000 level,
then the Bitcoin bulls sounded the rally horn, with price oscillating and rising again, re-entering above 79,000.
From one move to another, the weekly fluctuation range is nearly 10,000 points.
Our public market analysis this week was somewhat disappointing,
encountering both bullish and bearish lessons from the market's education,
although both were quickly adjusted and the initial losses recovered,
admitting mistakes and standing upright is necessary.
The market is never invincible; only by facing errors, consolidating, and improving the trading system
can one survive long-term in this highly volatile market with stability.

From the current market situation,
Bitcoin has stabilized after the previous low point,
the bullish dominant pattern remains unchanged,
the weekly chart shows a continuous rebound and recovery of the market sentiment,
but currently, at high levels, traders are cautious about chasing gains,
volume has contracted,
there is a short-term technical correction demand,
which is also the reason for the resistance encountered at the beginning of the week and the subsequent pullback.
On the daily chart, the overall market sentiment is oscillating within a high-range wide fluctuation box,
with resistance above at the previous high of 79,500,
and strong support confirmed at the 75,000 level this week,
the quick recovery after pullback also confirms sufficient support below.
Combining the four-hour chart,
the market has entered a tug-of-war phase of balance,
the core of the game focuses on the key high-level zone,
upward breakthroughs may open new upside space,
while breaking below the critical support level will lead to a retest of lower support zones.
Overall, the current market remains in a high-level wide fluctuation consolidation process,
the main trend of Bitcoin has not been broken,
only short-term trading intensifies.
In operations, it is necessary to respond around key levels rather than blindly guessing the direction,
in this extreme tug-of-war market,
it is more important to maintain rhythm, strictly control risks,
and avoid blindly chasing highs or selling lows.
BTC0.44%
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