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Looking back at this week's market movement, Bitcoin and Ethereum showed very distinct rhythms. At the beginning of the week, with sentiment warming up, both assets staged a rebound. Bitcoin once probed near 76,000, while Ethereum surged in sync to around 2,385. However, volume failed to sustain at these highs, and after multiple attempts, selling pressure became evident. From mid-week onward, bears gradually took control of the pace. Bitcoin consecutively broke through key support levels and retreated all the way to around 68,030, while Ethereum also lost the 2,200 and 2,100 round numbers, hitting a low near 2,045. Throughout the week, our actual position management flexibly adjusted according to market structure, with relatively balanced long and short switches. We decisively entered when longing was appropriate and without hesitation when shorting was warranted. The overall profit space was quite substantial, and friends who kept pace with the momentum basically achieved ideal results. Precisely because of this, we've had a continuous influx of new members this week. The market filters cognition every day—some miss opportunities while hesitating, while others continuously move closer to results through firm execution. Opportunities never favor those who watch for too long.
From the current chart, Bitcoin remains under pressure on the one-hour to four-hour timeframes. Above 70,000, a clear short-term resistance band has gradually formed, and the failure to hold stable after consecutive rebounds indicates selling pressure persists. While 68,000 has temporarily provided support below, this can only be viewed as short-term cushioning. If breached again, there's potential for further downside exploration. For Ethereum, the area near 2,080 is merely a low-level corrective bounce, with significant pressure remaining above 2,130. The overall trend is clearly weak. If rebounds fail to extend, there remains risk of retesting 2,050 or even 2,000 levels. Therefore, our trading direction ahead remains clear: continue looking to short bounces, avoid chasing longs rashly. The current chart shows no true reversal signals. In a weak market, each rally essentially provides bears new opportunities to build positions. #Gate13周年全球庆典 $BTC