Time passes quickly, and it's time for our weekly review. Let's briefly recap this week's market movements. Bitcoin's price, after retracing to around 68,000 and consolidating, rebounded from the bottom. In the middle of the week, it attempted to push higher but faced resistance in the 71,000-72,000 range. The overall market remained dominated by bears, with the price continuing to retrace. On Friday, it broke through the key resistance level of 68,000 from last week. The market then retreated further, with the lowest point around 65,500, before stabilizing over the weekend with slight consolidation.

Ethereum's movement was steady. Its price surged to the key resistance level of 2,200 midweek but was rejected after pulling back to 2,100. On Friday, with increased selling volume, the price broke below 2,200, with the lowest point near 1,970 to halt the decline.

This week, our real trading strategy was primarily bullish early on. After reaching the key resistance, we continued with our main bearish outlook for the larger cycle. We maintained a fully profitable stance this week, with Bitcoin capturing a total of 17,500 points in gains, and Ethereum securing 670 points.

Looking at the weekly chart, the overall price remains in a low-range consolidation pattern. After two weeks of downward movement, previous rebounds and consolidations have been fully retraced. Currently, bears still dominate, with the 120-day and 20-day moving averages showing signs of a death cross. The market still has room for further retracement. Once the current debate subsides, the key support around 63,000 should be watched to see if it breaks downward toward the 50,000s.

On the daily chart, as the price retraces, it is now near the lower band. The weekend consolidation has not shown much rebound momentum. Overall, the price remains in the 60,000 to 67,000 range. In the short term, there is no clear sign of volume expansion to fully open the downtrend channel. There is still potential for a rebound and consolidation, but with bears in control, the highs will keep moving lower, and lows will continue to dip. For further decline, increased selling volume is needed to open the downtrend channel for more significant moves. Early next week, consider a phased approach: after a rebound, maintain a high-position bearish strategy.

In terms of trading ideas, for Bitcoin, watch the 68,000-69,000 resistance zone for potential short entries targeting around 63,000. For Ethereum, focus on the 2,050-2,080 range for short positions aiming for around 1,900. #震荡行情交易策略 $BTC $ETH