Last week's weekly line ended with a significant upper shadow, indicating that the market still faces strong selling pressure at high positions, and the bulls lack momentum to push higher. During the rebound, the willingness of funds to follow up was weak, and we ultimately returned to the internal range of fluctuations.

A very obvious characteristic of the market recently is: lack of liquidity.

Whether it's geopolitical issues, economic meetings, or various positive expectations, they can trigger violent market fluctuations in a short period. However, upon careful observation, it is found that such news primarily affects short-term sentiment rather than truly changing the original trend and structure of the market. Especially those positive expectations that remain on the level of anticipation and lack substantial implementation can only create temporary fluctuations, but cannot support a sustained rise.

Entering this week, the market will face dual tests from both liquidity and macro factors. Monday is usually an important time window for the market to reprice, and volatility is expected to increase significantly. However, as of now, neither the bulls nor the bears have formed an absolute advantage, and the direction remains unclear.

In terms of Bitcoin, it is still in a slightly bearish oscillation structure overall. The area around 63,500 has gradually evolved into the current most important support zone. As long as this position is not effectively broken, the downside space is temporarily limited. At the same time, recent lows and highs are rising in sync, indicating that the market is attempting to build a phase bottom.

However, it is important to note that what we see now is a rebound logic, not a reversal logic. The liquidity, funds, and long-term trend have not fundamentally changed. Until a significant breakout occurs, the market still tends to oscillate and repair rather than reverse the trend.

Overall, it is highly likely that this week will still involve a tug-of-war around the range. What is truly worth paying attention to is not the news itself, but whether funds are willing to continue entering the market after the news appears.
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This article is originally published by 【Huiying Community】 and only represents personal views. Due to information transmission delays, the content is for reference only and does not constitute any investment advice. Please exercise rational judgment and act cautiously.
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