$BTC ‌In the last update, we mentioned that after hunting long leveraged positions, there would be a rebound—obviously this was a v-type reversal. But the rebound over the weekend is more likely to be aimed at liquidating short leveraged positions.

Plans for next week’s market are as follows: on Monday, crude oil fomo—this one tends to take longer in terms of timing, so the opportunity to fomo is very tempting. Then in the early session, or even throughout the day, it will cause BTC to pull back. On Tuesday, it’s the bingshen change-of-phase day. On Wednesday, it continues to set new highs. On Thursday, it ranges or distributes. On Friday, it goes through a small-level pullback to lure shorts. Over the weekend, or next week, it will likely retrace to fill the 70k fvg.