BTC Weekly Market Preview • Trigger: Binance hack triggers panic and a chain reaction of liquidations (actual losses approximately $3 billion USD). • Core Negative Factor: The Federal Reserve maintains interest rates but remains hawkish, increasing expectations of a December rate hike (74.9% probability), further tightening liquidity. • External Factors: Google's earnings report falls short of expectations, raising questions about the profitability of AI, and a sharp decline in tech stocks suppresses risk appetite. BTC Market Highlights • Weekly Chart: Three Black Crows bearish pattern (a false breakout of the previous high on August 28th followed by a pullback), the pullback is a healthy deep correction. • Daily Chart: A large bearish candle with high volume broke below the previous low of 7.97, failing to recover quickly, and is trading within a downward channel, clearly indicating a bearish trend. • Hourly Chart: A slight bullish divergence has appeared, suggesting a small rebound is possible, but this rebound is likely a continuation of the downtrend and will be limited in strength. Trading Strategies 1. Core Short-Term Long Position: $76,600-$75,500 (strong support at the 30-week EMA, closely observe whether it can stabilize and form a bottom). 2. Short-Term Short Position: Do not chase the price down; wait for a rebound to around $80,000 and the gap resistance before shorting. 3. Medium- to Long-Term Long Position: The market has entered a pullback range; consider building/adding to positions in batches (the lower the price, the more batches). 4. A true bottom requires a clear price recovery and a gradually rising low structure, rather than a single-day reversal.