"Shorts dominate, longs face cremation," this week erased six months of gains, with an 8 billion liquidation, and the crypto world is filled with lessons written in blood. Looking back at this week's market, the overall trend showed an extreme pattern of a cliff-like plunge followed by a weak rebound at low levels. Bitcoin's market sentiment showed five consecutive bearish candles, followed by a desperate volume contraction and a rebound structure. Early in the week, due to geopolitical tensions between the US and Iran and the impact of ETF fund outflows, the price accelerated downward from around 73,000 to 65,200, losing the 67,000 support level. Liquidation and stampedes began, with a sharp crash midweek, breaking below the 60,000 key level, spreading fear, and plunging deep toward 59,000. Later, over the weekend, it consolidated with low volume at the bottom, and the price rebounded to around 62,000 to stabilize. Old Yang's strategy this week focused on the main trend, and the market movement perfectly aligned with the forecast. Although there was a slight rebound on Thursday, the overall profit effect was quite significant, with positions maintaining positive growth.

From the current market situation, the weekly chart shows a super large bearish candle with a very long body, breaking below the lows of the previous two weeks, forming a weekly breakdown structure, indicating a clear main downtrend. The Bollinger Bands are widely opening downward, and after the price broke below the weekly middle band, it directly smashed toward the lower band at 59,000. Going forward, the key focus is that as long as the price rebounds to the 62,000-65,000 range, it will face weekly moving average resistance, so be bold and short accordingly. The daily chart trend is clearer, with five consecutive large bearish candles. Although a small bullish candle appeared over the weekend with volume contraction, the oversold rebound signal is weak, and the bearish structure remains difficult to reverse. The lower Bollinger Band is extremely wide open, with the middle band at 65,000 forming strong resistance, and the bearish channel is fully open, with rebounds facing resistance.

Bitcoin can be shorted in the 62,500-63,000 range, targeting around 59,000.
Ethereum can be shorted in the #比特币ETF单日净流出7272枚 1,620-1,650 range, targeting around 1,500.