Over the weekend, there was not much volatility, and the oscillation was accompanied by a slight upward movement. The main operations this week were mainly focused on the northward direction, and the high position will indicate a move southward. Overall, there was some gain in the oscillation of the large box. This week mainly focused on technical aspects, and except for the unexpected southward breakthrough on Thursday, we basically had everything under control. As for the outlook for next week, although I have been advocating for the northward direction, I currently believe that there is still a trend for one final southward probe, and then we will openly head north.

From a technical analysis perspective, the daily line continued to close with positive candles. However, the current support is gradually moving down, and there is strong pressure near the midline. It has been unable to break through. Therefore, positioning near 60, with a bit of caution, would be sufficient. On the four-hour level, there was continued effort over the weekend. Although the momentum is strong at the moment, there are signs of weakness in the breakthrough, and the moving average has also started to shrink. Therefore, on Monday, we can expect a southward movement, focusing on the 57500 level, and then we will start moving northward.

For Bitcoin operations, it is suggested to move southward near 60000.

Target: 57500

Defense: 60555

Specific operations should be based on real-time market data. For more information, you can consult the author. The article is published with a delay, so it is recommended for reference only. All risks are self-borne.

In the market, there are many followers and few who are content with their own situation. The easy paths are all downhill, and seemingly favorable market conditions are often in decline. Those without an umbrella walk alongside those who have one, but no matter how close they are, they cannot escape the rain and end up getting even wetter. It's better to be carefree. Excessive worries will only make the original trading situation worse. Don't let yourself become confused with worries and uncertainties. What needs to be done is to unconditionally believe and strictly execute decisions.

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