Overview of market dynamics this week:

1. Although the market hit a new low this week, it also provided opportunities for bulls. The current rebound is limited to the rebound range and is not enough to push prices to a new high. The market is still in the adjustment stage.

2. Looking back at the forecast last Monday, although the expected new low did not come as expected, it does not mean that the potential risks have dissipated. It is just that the time is not yet ripe and we still need to remain vigilant.

3. It is worth noting that the daily lifeline of BTC and ETH was unfortunately lost on the 18th, and this fact cannot be changed. Once the market trend is established, its inertia is often strong, especially the large-cycle trend, which is difficult to reverse easily.

4. From the daily level, the market trend has shown a bearish trend. Subsequently, the price pulled back to the vicinity of the weekly lifeline, gained support and began to rebound. However, when the rebound touched the resistance level of the daily lifeline, it was suppressed again, which triggered a new round of pullbacks until it touched the monthly lifeline. This series of fluctuations constitutes the main trajectory of the current K-line trend.