This week's market experienced a roller coaster, with bears taking the lead after intense long-short competition. Early in the week, the price found support at the 71500 level and once surged to 75999, but after being blocked at the high, market sentiment quickly shifted. With the key psychological level of 72000 broken, the downtrend accelerated with no effective resistance, and the price continued under pressure, touching a low of 68200. On the weekly chart, a long upper wick formed. The daily chart continuously closed with red candles, breaking through multiple short-term moving averages, with initial signs of bearish arrangement patterns. Currently, the price is hovering around 68600, with weak rebound strength and no obvious signs of fresh capital entering to bottom-fish.

Operationally, this week we maintained an overall cautious bearish stance. For Bitcoin, we deployed 12 positions total with 2 stops, capturing over 8500 points cumulative profit and stopping out 1500+ points. Ethereum mirrored 12 positions also with 2 stops, capturing nearly 380 points and stopping out 77 points. Overall risk management was controllable, with healthy profit/loss ratios, successfully grasping the main directional movements in the trending market $BTC .

Looking ahead, as the key support at 72000 transforms into a resistance level, if the price cannot quickly recover above this level in the short term, the market is expected to continue consolidating in weakness or probe further downside. Focus should remain on the 68000 level's defense below. If this level breaks again, it may open new downside space. Until clear reversal signals appear, following the trend with short positions will remain the main strategic direction for early next week. #Gate13周年全球庆典 @