Brothers, regarding the price trend prediction of BTC at the beginning of this week, I have organized it for everyone.

The current price of BTC is about 83200, having fallen from the previous high of 87385, with a lowest point touching 82500. The current market is suppressed by interest rate hike expectations, and the buying power of ETFs is also slowing down, with apparent pressure on the short-term market.

First, let's look at the short-term volume. The bearish force at the 4-hour level is being released, but the bulls have not given up directly and are still resisting stubbornly. The fluctuation range of the market is continuously narrowing, which is a clear signal — the bulls and bears are at a stalemate, and a direction will soon be chosen.

Next, let's look at the changes in on-chain holdings. BlackRock withdrew approximately 1150 BTC from Coinbase Prime, with institutions continuously withdrawing and hoarding coins. Meanwhile, there has been a significant outflow of large funds from Binance, with a net outflow of over 13800 BTC in a single day, the largest single-day outflow since 2023. The BTC reserves on exchanges have also decreased from 705000 to 685000, with chips continuously leaving exchanges. However, it should also be noted that the buying power of ETF institutions has clearly slowed down.

The key short-term support area is between 82500-83000; the resistance above is at 84000-85000; if the support is broken, the next important liquidation position is at 81500.

In my view, 82500 is the short-term watershed for this week. If the price holds here, the market will continue to oscillate and build momentum; once it breaks, it will drop to 81500.

In the short term, it is highly probable that there will be back-and-forth fluctuations within the range, repeatedly washing out positions. Any negative news that comes out later is likely to kick again, pushing the price down. However, everyone shouldn’t panic too much, as the downside space is limited. Although the bears are exerting force, the volume is insufficient, without the power to continue driving the market down.

My previous judgment remains unchanged: this round of adjustment is most likely to fall into the range of 80000-81000, and at that position, it is the true opportunity to seize to enter the market.

The market fluctuates ruthlessly, let’s patiently wait for the right position and not rush to act frequently in a volatile market.

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