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Bitcoin, the weekend rebound trend remains weak, with strong resistance above 68,000, and it can even be said that the resistance is heavy above that level, after all, it has fallen from 72,000 to this level.
Weekend news was overwhelming, but contrary to expectations, there was a rebound of over 1,500 points. The low-position accumulation and technical correction in terms of technical analysis have essentially slowed the decline, with next week's focus on the 65,000 support level.
The pain points of Bitcoin's rise still come from the recurring "hedging" behavior. If hedging does not retreat, Bitcoin will find it difficult to have a significant rebound space. Meanwhile, next week will continue to face the "non-farm" payroll data test as guidance...
Below 70,000, the overall trend remains bearish, but do not blindly chase after it without breaking the 65,000 level. In the short term, it’s advisable to maintain a high sell and low buy strategy. $BTC