The weekly trend of Bitcoin is clearly bearish, and this round of rebound is merely a weak technical repair. The market has been adjusting since February 6 and has been in a weak oscillation pattern for nearly a hundred days, with severely insufficient rebound momentum, consistently unable to break through the core resistance range.
The core strong resistance level is locked at the 200-period moving average combined with the upper boundary of the daily Vika tunnel, providing double resistance. Yesterday's rebound peaked at the 81900 level but encountered resistance and quickly fell back, failing to form an effective breakthrough. The overall market maintains a downward channel trend where high and low points are continuously declining, exhibiting a high-level oscillation and retreating trend.
The current market characteristics are evident: retail investors are strongly following the trend to short, but the price hasn’t been able to refresh new lows for a while. The market has slowly risen over the past two weeks, repetitively testing the upper pressure, which is merely a weak rebound combined with range consolidation, and definitely not a trend reversal signal.
The overall trend is mainly a wide-range weak oscillation, and the medium to long-term viewpoint remains firmly bearish, waiting for confirmation of the break. In the short term, the primary pressure is set at the 82000 level. As the price has not stabilized above the breakout point, the unified strategy is to maintain focus on shorting during the rebound, waiting for the market to return to the downward channel and test the previous low support again.

Public Account: Big Bull Talks Market

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