This week Bitcoin experienced a roller coaster, ending up back at the starting point. But the middle part of the move was valuable.


On Monday, it opened at 77.5K, reached 78.2K on Thursday, giving the impression it was about to break through.
On Friday, it dropped straight to 75.3K, and on Saturday, it hit a low of 74,290, the lowest point in recent weeks.
Then it bounced back, and today it returned to 77K.
The weekly gains and losses offset each other, and the fear index remains at 25, indicating extreme fear.
Next week, I will watch two levels.
74,290 is the support established this week; if it holds, the bulls still have a chance.
If it doesn’t hold, the next line of defense is around 72K, where someone will step in.
Upward, 78.2K is this week’s high; breaking through here, 79K would confirm a trend reversal to the strong side.
My plan for next week is simple.
No chasing the rally or bottom fishing; my short positions are already fully loaded, waiting for the structure to develop.
If early in the week it stays above 75K for two days, I will consider the possibility of continued sideways movement.
If it drops again to test 74K early in the week, it’s not a rebound to wait for, but a confirmation.
Once it breaks below around 72K, a lower bottom is highly probable in the future.
BTC1.34%
VIX-1.71%
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