A brief take on next week's long-term view: still bearish under the double top pattern

Targeting 63000

Looking back at this week, since we explored the lows of 65500 at the beginning of the week, the bulls have started launching counterattacks. Although there have been slight pullbacks, under a strong formation everything became fuel before the trend. Although this week has been predominantly bullish, we encountered strong resistance from above and failed to effectively break through and move higher. The upside space remains difficult to open.

On the daily level, the bulls are marching higher with small steps, moving between the middle and upper bands after breaking through the midline. Although Friday's strong pinbar pierced the short-term resistance, the previous 74000 resistance is very pronounced. If this level doesn't break, it will form a double top pattern, at which point Bitcoin will drop sharply again.

Next week, focus on the 74000 resistance situation. If it doesn't break, it's bearish. Here I suggest shorting Bitcoin on bounces to the 73000-74000 zone, with an initial position of 3%, add on 75000, stop loss at 76000, targets 66000-63000.
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