This week's market review: Bitcoin experienced a rollercoaster of choppy downward drift, deep bottoming, and a late-week deep V-shaped rebound, hitting a new stage low since September 2024, with a monthly decline of over 28%.



Midweek saw accelerated selling, with the price dropping to around 580, and a 24-hour all-market liquidation of over $1.09 billion, as long positions were heavily washed out. The market exhibited characteristics of declining volume on drops and shrinking volume on rebounds, with the rebound lacking volume support, merely a technical rebound.

Technically, the weekly bearish pattern remains unchanged, and the short-term has entered a bottoming phase. The key resistance above is 630-635, while the critical support below is 580-590. The short-term trend is weak, and the weekend operation strategy is to trade within the range, buying low and selling high, waiting for a trend breakout.

#0成本拿2股SK海力士
BTC1.91%
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