Another week is coming to an end. Looking back at this week's Bitcoin trend, it has been full of ups and downs, with intense battles. At the beginning of the week, driven by news factors, the market experienced a strong rally of nearly 4,000 points, reaching a high of around 72,000; then, attempts to push higher failed to break through effectively, and the market started to decline. On Thursday, the decline accelerated, and on Friday, it dipped to around 65,500, with the weekly fluctuation exceeding 10,000 points. This week, we firmly continued our correction strategy, even though at the start of the week, extreme news impacts caused a sharp drop, our overall judgment remained unchanged. The trend followed the momentum upward, with a continuous winning streak, accumulating gains of 14,550 points in Bitcoin and 515 points in Ethereum.

Currently, from the multi-timeframe analysis of the monthly, weekly, and daily charts, the overall market remains in a weak pattern dominated by consolidation. On the monthly chart, the price has entered a deep correction from the historical high of around 126,000, confirming a long-term bearish trend. Buying support is clearly insufficient, and selling pressure has not been fully released. On the weekly chart, the market continues to fluctuate weakly, repeatedly testing the bottom in the 59,800-75,000 range, with weak medium-term rebound momentum. On the daily chart, the price remains in a narrow range of 65,000-75,000, with short-term technical rebounds expected, but the rebound strength and scope are limited. If the price can effectively break through the key support at 65,000, it will further open the downside space. Combined with volume analysis, no significant volume increase or stabilization signals have appeared across all timeframes, so the short-term trend is unlikely to change. $BTC #比特币震荡走弱