Recently, the market has formed a very distinct rhythm: **slow short squeeze during the day, and pullback and repair at night.** After two consecutive days of highs, although there have been pullbacks, the bulls have consistently used the characteristics of low weekend liquidity and limited selling pressure to continuously push up prices in a sideways and gradual manner.

The biggest feature of this market is that the upward momentum is not strong, yet it can continuously maintain high-level operations. Various technical indicators have diverged significantly, but prices have not pulled back, with the goal being to continuously compress the space for shorts, causing short positions to gradually lose patience, ultimately leading to passive liquidation.

However, this state will not last indefinitely.

Today’s performance after the weekly K-line closes will be particularly key. If it can continue to stabilize at a high level, the repair structure of the weekly and monthly lines will be further solidified; if profit-taking begins after the weekly close, the market is likely to experience a technical adjustment.

It is important to emphasize that the adjustment mentioned here leans more towards healthy pullbacks, rather than returning to a previous large-scale decline rhythm. As the weekly and monthly lines have already entered a repair cycle, even if a pullback occurs, the downside space is expected to be relatively limited.

₿ Bitcoin (BTC)

View: Fluctuating bearish, high selling and low buying, pay attention to short resonance on Monday.

The current market is showing a typical **“structural bullish, cyclical bearish”** state.

• 1-hour and 2-hour have already shown high-level divergence, and the highs are gradually moving down;

• 6-hour price is still operating near key support, but the corresponding cycle is still in a corrective phase.

After a continuous short squeeze, the market has shown signs of "killing a thousand enemies, but harming oneself eight hundred". This means that although the bulls continue to push up prices, their own consumption is becoming increasingly evident, and further upward movement requires more incremental funding support.

Due to generally weak liquidity over the weekend, prices are more susceptible to rapid fluctuations driven by capital. After entering the Asian trading session on Monday, trading volume typically increases significantly, which may also amplify volatility.

Therefore, the most noteworthy factor today is whether multiple cycles below the daily line can form a bearish resonance.

If short-cycle adjustments unfold simultaneously, the market may welcome a moderately scaled technical pullback; conversely, if key support is maintained, the market may continue to stay in a high-level fluctuating consolidation.

The current operating thoughts still suggest:

• Rebound close to the pressure zone, focus on high short strategies;

• After quickly pulling back to key support, focus on short-term buying opportunities.

During the transition between the weekly K-line closure and Monday’s market opening, controlling positions and avoiding chasing increases are often more important than frequent trading.

Support levels to watch: 63000-63500, 62300-62700, 61600

Resistance levels to watch: 64500, 64700, 65000, 65500

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This article is originally published by 【Huiying Community】 and represents personal views. Due to certain delays in information transmission, the content is for reference only and does not constitute any investment advice. Please make rational judgments and operate cautiously.
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