Reviewing the market from early morning to noon, Bitcoin rebounded to around 68,500 during the midnight session, but upward momentum clearly weakened. Selling pressure at high levels gradually emerged, preventing further upward movement. Subsequently, the market continued to oscillate and decline, briefly dipping to around 67,700 for support, then initiating a technical rebound. However, the rebound was relatively limited, and the price has now fallen back to around 68,100, consolidating sideways. The "姨太" (mistress) pattern generally moved in sync with Bitcoin, dropping to around 1,954 in the morning before quickly bouncing back. During the session, it surged above 1,995 but faced clear resistance near the key integer level, failing to hold above 2,000. It then gradually declined to around 1,980 for consolidation.



In the early hours, I advised everyone to short at high levels for quick profits, capturing over 100 points. As the weekend approaches, attention should be paid to continued short-term oscillations.

Looking at the current chart, the daily double downtrend has fallen to the midline support, showing signs of stabilization overall. The price has tested the midline without breaking below, and the oscillation range has slightly recovered. Currently, there are no divergence signals on the indicators. The KDJ has formed a death cross at high levels and is entering a weekend consolidation phase to exhaust the bearish momentum. The support at the double bottom is strong and is a key area of previous consolidation and trading activity. Watching the support at the midline, consider long positions if the support holds.

On the four-hour chart, the price has found support near the 120-day moving average, showing clear signs of stabilization at the bottom. The MACD histogram shows divergence signals at the bottom, and the KDJ lines are turning upward. Although volume has increased over the weekend, the market appears to be consolidating after a pullback, with a second attempt to push higher. The weekend strategy should focus on range-bound trading.

For short-term weekend trading, Bitcoin can be bought around 67,300-67,500, aiming for near 68,500. Short positions can also be initiated at high levels. The "姨太" pattern is expected to oscillate between 1,950 and 2,000.
BTC-3,55%
ETH-3,72%
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