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This week, Bitcoin's tug-of-war was intense with wins and losses on both sides.
Initially, the bulls dominated at the start of the week, and after sufficient buildup, they launched an attack, successfully breaking the previous high to around 82,800.
Subsequently, technical adjustments in the market led to profit-taking, causing a rapid pullback in the price, which dipped to around 79,100 before stabilizing and recovering, with the price once again firmly above the 80,000 level.
Among the market movements this week, we accurately predicted the breakout window, advised to firmly watch for a breakout, and fully captured the main upward wave in the first half of the trend.
Later, before the market entered a correction phase, we issued timely warning for adjustments, advising to control positions and prevent risks.
Although one short position was briefly stopped out due to an unexpectedly deep pullback, through two average price adjustments, we ultimately exited profitably, ending the week with a perfect record of all trading positions.
From the daily chart perspective, Bitcoin’s overall upward trend remains intact, and it has entered a consolidation phase in the short term.
The price has consistently stayed above the short- and medium-term moving averages, which is a key sign of the continuation of this bullish trend.
As long as the medium-term trend’s critical support line remains unbroken, the medium-term bullish pattern will not fundamentally change.
Currently, market momentum has weakened, requiring time to digest the previous profit accumulation.
This week, during the rally, volume failed to follow through effectively, and during the pullback, volume also shrank, indicating increased divergence in the market but no panic selling.
On the four-hour chart, the market has completed an initial recovery, with the tug-of-war forces reaching a relatively balanced state.
Price is stabilizing above the midline of the Bollinger Bands, with short-term bulls still holding the advantage.
Rebound momentum is gradually building, but short-term indicators are approaching overbought territory, so caution is needed at the start of next week to avoid false breakouts.
On the hourly chart, Bitcoin is currently in a narrow-range consolidation phase, with both sides temporarily balanced.
The Bollinger Bands are tightly squeezed, indicating an imminent directional choice.
Based on short-term momentum, there are signs of an upward breakout, and the market can continue to focus on bullish ideas.