This Week’s Range-Bound Outlook

As mentioned earlier, a short-term rebound can only be at most a brief correction. This week’s key turning points will determine where the market goes from here. Any “rebound” is just an opportunity window to go short—don’t let a small pump mislead you. At the moment, the 6w level has basically been broken and is holding below it. Below the 6w level, the market keeps probing back and forth. Even if a short-term rebound appears, the upside move in the 6w zone is extremely limited.

After price reached the expected pressure zone and turned down as predicted, once the rebound ends the market will resume its downward pace. At this stage, the modest pullback upward is only a temporary pause after a major drop, and it cannot completely reverse the overall bearish structure.

For the long-term, the big picture remains bearish. Pay attention to two points. First, for now, every rebound is an opportunity to enter shorts—the main bearish trend of the larger cycle hasn’t changed.

Second, closely watch the key bottom-line levels. The 57,700 level below is the bottom support. Once it breaks, the first swing-trading target will directly shift to the 55,000 low point; the second target is around 53,000.

With external policies tightening again and tensions between the U.S. and Iran becoming strained once more, bearish pressure is still ongoing. Don’t “catch the bottom” and do DCA buys. On rebounds, just look for opportunities to go short in batches—keep your position sizing under control, and put risk management first. $BTC #美光市值超越Meta跻身全美前十 $ETH