Starry Afterwards—Next Week’s Market Outlook

Big pie: After rallying to 669 last week, it met resistance and pulled back. It is now entering a high-level consolidation phase. On the daily chart, KDJ has turned down, indicating weakening upside momentum. The MACD red histogram continues to shrink, and the medium-term bullish trend has started to slow.

The heavy overhead pressure zone remains concentrated at 668-672, and the daily core support level to watch is around 635.

From the 4-hour chart: A short-term oversold rebound has been made, but KDJ has risen into the overbought zone. There is technical repair pressure at this stage. Although MACD has formed a golden cross, the red histogram volume expansion is limited, so the rebound strength is weak. More than a trend reversal, it appears to be indicator repair following a selloff. The reference range for short-term movement is 640-656.

Overall: The market is still in a high-level, weak-consolidation pattern. It’s expected that rebound upside is limited. A break above the 670 area is unlikely to be effective, and price action is more likely to drift downward within the range.

Early-week idea: In the short term, price may attempt to probe the 653-656 resistance band. As the indicators enter overbought conditions, the risk of pullback increases. The first downside target is around 640. If 640 breaks, then it will further look to 635 as the key daily support.

End-of-week focus: Watch whether 635 holds. If it stabilizes there, it could trigger a rebound. If there is a valid breakdown, the downside room opens up, and price may target the 628-622 area.

Short-term resistance: 653-656
Medium-term strong resistance: 668-672
Short-term support: 640
Daily key support: 635
Bull-bear pivot: 628

Trading strategy:

· If the coin price rebounds above 653 and shows a stall/consolidation signal, consider entering short positions in batches with light exposure. Targets are 640-635, and the stop-loss is set above 658.
· If a pullback to around 635 stabilizes and the candle closes bullish, you may try a long position with light exposure. Targets are 648-653, and the stop-loss is set below 632.
· If 635 breaks down directly, do not blindly catch the falling knife. Short positions can be held, looking toward 628.

Risk warning:

Current external factors such as the geopolitical situation (US-Iran conflict), remarks from Federal Reserve officials, and volatility in US stocks may cause short-term disturbances to the market. When trading, be sure to control position size, set stop-losses strictly, avoid chasing pumps or panic-selling with heavy leverage, and stay flexible in response. #BTC