Bitcoin Mid to Long-term Plan for Next Week: No Clear Trend Formed, Tug-of-war Pattern Still Exists, Currently Bears Dominate the Market, Looking to Target the 90,000 Mark!

This week's Bitcoin price movements continue to operate under a wide-ranging tug-of-war theme, without any obvious one-sided trend. The washout tactics are too frequent; however, it is clear that the overall rhythm shows a slight bearish trend suppressing the bulls. The market saw a bullish rebound but failed to stabilize, quickly facing pressure and falling back, with upper resistance continuously moving downwards. This back-and-forth trend ultimately favors the bears slightly. On Friday, Bitcoin continued its downward rhythm, constantly breaking through lower support, with a minimum drop to around 93,500. Currently, the market is fluctuating near 94,600, and the rebound strength is weakening, which is an undeniable fact!

So where is Bitcoin headed next week? Bitcoin has been falling continuously, constantly breaking through lower support, and the trend continues to be bearish. However, it is important to note that in an emotional market, Bitcoin can drop and can also be shorted, but one must be cautious the next day, especially with changes in news sentiment. As sentiment fades, Bitcoin may also have a significant rebound. Currently, Bitcoin is focused on yesterday’s rebound high of 97,500. If it rebounds below 97,500 next week, one can boldly short. The one-hour moving average for Bitcoin has also pointed downward again, with a stronger divergence, indicating that the bears are still very strong!

In trading, there are inevitably some moments where luck plays a role, but in the long run, good luck and bad luck will balance out. To continue long-term, one must rely on skills and apply good principles. The market changes rapidly, so one must avoid rigid thinking; the market is always right. Making mistakes is not frightening; what matters is being able to correct them in time, and one should not go all in. Otherwise, one will be severely taught a lesson by the market. To survive in the market for a long time, one must take precautions and not resist stubbornly, as this often leads to deeper entanglement and missing new opportunities. There are plenty of opportunities in the market, and there’s no need to miss out on great times for the sake of momentary persistence!

In terms of mid to long-term operations for Bitcoin, I personally suggest shorting the price rebound at 97,000-97,500, targeting a drop to the 91,000-90,000 mark!