Jingyi’s outlook for next week’s market:

On the daily timeframe, the earlier rally up to 669 met resistance and pulled back. It is currently undergoing high-range sideways consolidation. The daily KDJ has turned downward; upside momentum is fading. The MACD histogram red bars continue to shrink. The upward pace of the medium-to-long-term bulls has slowed. Strong resistance lies overhead at 668-672. The daily key support is 635.

In the 4-hour timeframe, the short-term has completed an oversold rebound cycle. KDJ has entered the high overbought zone, and indicators show a need for pullback and corrective repair. Although MACD forms a golden cross, bullish volume is insufficient. The rebound is a repair move after a decline, not the start of a new one-way uptrend. The short-term range is 640-656.

Overall, the bigger structure is mainly characterized by weak high-range consolidation: it will first try to push up and then face rejection and pull back. In general, it will be difficult to break through the strong resistance at 670, and most likely it will follow a range-bound downward path for repair.

At the beginning of the week, Jingyi expects that BTC’s short-term will have a modest upward push into the 653-656 resistance band. After the indicators become overbought, it will begin a pullback. The first retest target is 640. If 640 support fails, it will fall further toward the daily key support at 635.

At the end of the week, the market will test the 635 support. If support holds, it will see a choppy rebound. If support directly breaks, the price will probe deeper to 628-622.

Short-term resistance: 653-656; medium-term strong resistance: 668-672
Short-term support: 640; daily core support: 635; defensive support: 628

Trading suggestions
If it rebounds and stalls above 653, enter short positions in batches with light exposure. Targets: 640 → 63500. Stop-loss: above 658. If it pulls back to 635, stabilizes, and closes bullish, you may try a small long position for the short term. Target: 648-653. Stop-loss: below 632. If it directly drops below 635, don’t bottom-fish; hold the shorts and follow the trend, watching 628.

Note
Geopolitical tensions between the US and Iran, hawkish remarks by Fed officials, and volatility in US stocks can disrupt market momentum at any time. Strictly control position sizing throughout, set and follow stop-losses, and do not hold oversized positions to “carry through.”