This week, Bitcoin overall showed a high-to-low trend. At the beginning of the week, the price rose and tested 120000 but failed to break out and move upward, immediately starting to retract. As we expected, it entered a downtrend channel. Whether it was a long or a short position, it provided good trading opportunities. A quick pullback on Thursday broke the original range oscillation pattern, and key support levels were continuously breached. Although the price quickly recovered the losses, it also laid the groundwork for subsequent unilateral downtrends. Our approach has also shifted from buying on the pullback to selling on the rebound, repeatedly validated with precision. This is never based on mere speculation but supported by a wealth of data and countless practical experiences. The directions we provided, along with detailed trading strategies, clearly demonstrate that with a clear direction, decisive action is taken. With varying trends, how to navigate through the ups and downs steadily is crucial. This week, practical statistics showed significant profits, with Bitcoin achieving a gain of over 10000 points, and Ether gaining 500 points. Although some short-term trades were not accounted for, we believe that friends who have consistently followed our approach have achieved very considerable profits.

From the perspective of the market, the price of Bitcoin is currently in a phase of consolidation and repair, with significant characteristics of short-term weak consolidation. Although the "high short low long" trading strategy can be considered, market sentiment indicates that after a pullback, panic may spread, and rebound momentum is lacking, which may continue the downward trend. Under the dominance of bearish sentiment, rebound points can be seen as a window for not holding short positions. Technically, the 4-hour chart shows a pattern of three consecutive bearish candles followed by two consecutive bullish corrections, but the bullish candles have small bodies and long upper shadows, reflecting heavy selling pressure above and weak buying strength, maintaining low-level oscillation. The market is still in the process of finding a bottom. After a four consecutive bullish candle rebound on the 1-hour chart, it fell again, with the Bollinger Bands continuing to open downward. Although there are occasional minor counterattacks from bulls, the overall downward trend remains unchanged. Ethereum and Bitcoin are highly correlated in their movements and are similarly constrained by the weak pattern. Evening operations should follow the trend, with the core idea being to focus on high shorts and seize short-selling opportunities during rebounds. However, it is still important not to overlook the recovery of key levels, which I won't elaborate on here, as I have been reminding everyone about it recently. It is crucial to strictly manage risks and set proper stop losses, and to plan well to prevent the market from changing again.

This evening, the short-term outlook for Bitcoin is around 114000, targeting 112000, and for Ether around 3490, targeting 3400.