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The crypto market remained under heavy selling pressure throughout the week, with a clearly established bearish trend. BTC fell to 58,000, marking a new yearly low. Although the market staged a brief rebound, it was merely a short-term corrective move. Bullish momentum remained weak, and prices continued to consolidate near the lows, leaving the overall downtrend intact.
Throughout the week, we adjusted both long and short positions in line with market fluctuations, successfully capturing each swing opportunity. In total, we locked in 8,000 points of profit, with our trading strategies and setups shared with everyone in advance.
From a technical perspective, the 4-hour chart continues to show a declining price center, while ongoing geopolitical uncertainties are keeping pressure on the market. On the 1-hour chart, every rebound has been met with renewed selling pressure, suggesting that a meaningful bullish reversal is unlikely in the short term. The preferred strategy remains to sell into rallies and trade with the prevailing trend.
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