This week's Bitcoin weekly chart is starkly revealing, showing a large bearish candle with no upper or lower shadows. Its fierce downward momentum makes one hesitate in the market and raises doubts. On the weekly chart, bearish forces hold an absolute advantage, firmly suppressing prices at low levels, with around 87 becoming a ceiling that is difficult to surpass for any rebound.

Confronted with such a clear bearish trend, we should remain calm and follow the key support levels at 74, 68, and 55 on the weekly chart for our operations. When the price reaches these levels, it's time for us to look for rebound opportunities, maintaining our pace and gradually advancing. Just like the previous operating strategy from 79 to 86 to 94, we rely on cost advantages, steadily moving forward wave after wave, allowing the “chives” in the market to take turns, yet finding it hard to escape the fate of being harvested.

In the short term, 79 has become the current support level, while 825 constitutes the resistance level above. If the price hovers around 825 and fails to stabilize, then the support at 79 may likely not hold, and the price will continue to test lower. Meanwhile, 867 serves as the key strengthening point since 91; if it can effectively hold above, we could expect a decent rebound. Otherwise, the pressure from the trend line will persist, and the market will be like playing a dangerous game of seesaw—once support is lost, it will fall even harder.

Cryptocurrency insights, click on my homepage to follow me, for deploying potential hundred-fold bull market coins, as well as daily spot strategies!