A perfect week has quietly come to an end, with the overall market still holding steady, each wave of trend accurately grasped, and the rhythm very comfortable. This week, Bitcoin showed a pattern of rising sharply, then pulling back and oscillating to find a bottom. Early in the week, the price briefly broke through the 64,000 level, ending the previous fluctuation within the 60,000-63,000 range. However, this rebound was mostly technical correction, lacking sustained buying support. Midweek, after consolidating around 63,500, the price faced resistance again, dropping to a low support of 60,800. Over the weekend, the bulls slightly warmed up, with the price fluctuating around 64,000, and both bulls and bears showing balanced strength. Range-bound trading is not scary; a decline is also not scary. What’s frightening is not seeing the situation clearly, repeatedly missing the rhythm of entry. It’s better to follow Lao Yang’s steady and solid approach to entering the market, so you don’t miss every opportunity to profit from each wave.

Looking at the current market, the daily chart closed with a small bullish doji star, operating in the weak recovery zone after a major decline. The price remains under pressure and below the medium- and long-term moving averages. Although it briefly surged to around 64,738 in the morning, it still did not stabilize or break through the 65,000 level. It is currently unable to escape the downward channel. The four-hour Bollinger bands are contracting, with the price close to the middle band, with the upper band at 65,000 and the lower band at 63,500, forming short-term oscillation boundaries. The bullish and bearish momentum has reached a balance. The long-term downtrend has not reversed; right now, it’s just the bearish momentum weakening. Bitcoin needs to hold above 64,800 to see further rebound. Currently, oscillating around the 63,000-63,500 range, waiting for a dip to #Marvell大涨超11%领涨芯片板块 go lower is the most prudent strategy.