The weekend market maintained a range-bound consolidation for two consecutive days, with clear upward and downward spikes on the daily chart, indicating that both bulls and bears are still repeatedly testing the bottom area. The weekly closing ended with a bearish candle, and the daily chart showed a long spike structure. Although the short-term trend still leans bearish, there have already been obvious signs of bottoming out in the market.

If another sharp decline occurs this week, it might actually become a better buying opportunity. Many times, negative news is not necessarily a bad thing, as a truly effective bottom often requires a quick drop to complete the final round of chip clearing. If a long lower shadow can be formed on the weekly chart, it will be more favorable for the subsequent rebound and repair.

From a structural perspective, the daily chart has shown features of repeatedly testing the bottom, and during the decline, we can see that funds are quickly picking up, indicating that there is not a complete lack of buying at low levels. Although the overall trend remains in a bearish structure, the most pessimistic moments for the market often coincide with the gradual approach of opportunities.

The geopolitical situation will still disturb market sentiment, but as long as it is not a catastrophic risk, the market cannot be continuously suppressed by news. As sentiment is gradually digested, prices will ultimately return to the fundamentals of funds, cycles, and structure.

For Bitcoin, the current strategy is more suitable for focusing on buying on sharp dips, with short selling on rallies as a supplementary strategy. Volatility is expected to increase on Monday, and it is not advisable to chase highs or sell lows in the short term. The daily chart shows signs of forming a bottom, but the process of bottoming requires time and will not be achieved overnight. Currently, the daily, weekly, and monthly charts are gradually approaching the bottom area, and the half-day chart has begun to turn bullish, with an emphasis on waiting for a significant cycle resonance signal.

Support levels to watch: 58800-59000, 58030, 57200-57600
Resistance levels to watch: 60000-60200, 60500-61000
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