This week, Bitcoin showed a pattern of "surging higher then pulling back with deep adjustments." At the beginning of the week, it continued last week's strength, stabilizing and attacking higher from the 70000 low, touching a high of 75998, just one step away from 76000. After probing higher, a pullback ensued with gradual downside exploration. Market sentiment reversed sharply as Bitcoin plummeted cliff-like from its highs, consecutively breaking through the 74000, 72000, and 70000 levels. However, with the Federal Reserve's rate decision landing, a consolidation formed at the 70000 level, with the lowest probe reaching 68030 this weekend. The weekly chart closed with a massive bearish candle with a long upper shadow, nearly erasing the gains from the previous two weeks, completely interrupting the bullish upside momentum. Ethereum declined in sync, surging above 2360 at the beginning of the week before pulling back significantly, with the lowest reaching near 2070, currently barely holding around 2080. This week, we provided our call from last weekend to guide everyone and shared real-time market analysis through live broadcasts. This week we only lost one Bitcoin trade of 500 points, with Bitcoin capturing a total of 17700 points this week and Ethereum capturing 790 points.

From the weekly level, Bitcoin closed with a massive bearish candle this week, price broke below the 5-week moving average support and is currently testing near the 10-week moving average. The MACD fast and slow lines show clear signs of a bearish crossover at highs, with red column momentum continuously shrinking. If next week continues to close bearish, the weekly-level divergence structure will be confirmed, potentially entering a mid-term adjustment. The 68000-69000 area below is near the 20-week moving average and also a previous congestion zone. If this level breaks, it may further seek support in the 63000-65000 region. From the daily level, Bitcoin has closed bearish for consecutive days. Although Friday saw a minor rebound, it weakened again today. Price has currently broken below 70000, testing support near 68000. The daily K-line broke below the 60-day moving average with short-term moving averages in bearish alignment. The 5-day and 10-day moving averages have turned downward, forming resistance. The MACD fast and slow lines crossed bearishly above the zero axis and continue accelerating downward with divergence, with green column momentum continuously expanding. The daily-level adjustment is still ongoing with no clear stop-loss signal yet. The 68000-69000 area below is the previous breakout platform and near the starting point of this rally. If it breaks effectively, downside space will further open. If it can stabilize in this area and form a bottom pattern, it may establish a phase bottom. Combining the 4-hour chart, the pullback further confirms the consolidation range, with 68000 as the key support level. There's no sustained breakdown in the short term; the market still has energy for a secondary rebound to test the upper key resistance. After forming key support, pay attention to the 71000-72000 resistance above, can layout mid to long-term positions watching for breakdown of the 60000s level.

Bitcoin mid-line can long near 68000, targeting around 71500, and decisively layout short positions upon reaching target. Ethereum 2050-2070 long, can continue to layout short positions above 2150#加密行情震荡 $BTC $ETH