After two consecutive days of aggressive buying over the weekend, BTC finally closed the weekly chart with a three-day winning streak, once again demonstrating the resilience of the current market.
Unlike previous rounds of increases, the biggest feature of this round is not rapid surges, but that each pullback manages to find support near previous price levels. Although the pace of the increase is slower and the movement is not smooth enough, the bulls consistently repair the structure through sideways fluctuations, digesting selling pressure with time rather than relying on big upward candles to break through.
Entering a new week, the bullish logic at the weekly and monthly levels remains unchanged, and the market as a whole is still in a medium- to long-term recovery cycle.
However, new changes are beginning to appear in the short term.
The daily level has been running at a high position continuously, with momentum indicators gradually weakening, and the upward driving force has weakened. After several weeks of aggressive buying, the market has reached a critical juncture—if it can break through the previous high with increasing volume, the bullish trend is expected to continue; if the trading volume cannot expand, the probability of high-level fluctuations or even a technical pullback will gradually increase.
From a macro perspective, the geopolitical situation remains complex, and market sentiment still carries uncertainty, but the recent linkage between the cryptocurrency market and macro news has noticeably weakened, with prices operating more according to their technical cycles. The current price is not far from significant support below, and as long as that support is not effectively broken, the short-term trend is still difficult to reverse easily.
₿ Bitcoin (BTC)
View: High-level fluctuations, sell high and buy low, waiting for directional confirmation.
In this round of rebound, the overall capital attraction of BTC is significantly weaker than that of ETH and other mainstream altcoins, but this does not mean the trend is weakening.
On the contrary, the daily level has gradually stabilized and started showing signs of turning upwards, indicating there is still a need for market recovery.
However, before the price truly breaks through with increased volume and moves away from key support, it is not advisable to prematurely position large short orders.
In short-term operations, the following ideas can be focused on:
Near 65000 and previous high pressure areas, small positions can be attempted for short selling;
During pullbacks to key support areas, buying opportunities can be observed;
If it breaks through 65000 with increased volume and stabilizes, the upper space needs to be reassessed, and it is not advisable to short against the trend.
The current market is still a typical fluctuating situation, with neither side forming a definitive advantage, and frequently chasing prices can easily lead to a passive position.
Therefore, at the beginning of this week, what is more important is not to predict the direction, but to wait for the market to complete its directional choice and then follow the trend.
Key Position Reference
Support: 64300-63800-62800
Resistance: 65088-65300-66000-66500
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