#数字资产市场动态 Bitcoin Weekly Review

After reaching the 89,000 mark last week, it started to turn around and fell by about 3.2%. There are several reasons behind this pullback — the precious metals market is attracting significant capital, and funds are flowing out; plus, the Federal Reserve minutes haven't been released yet, and risk aversion has sharply increased in the market. In the short term, the bears still hold the initiative.

What does the technical analysis say? The resistance at high levels is quite strong, and the bullish momentum is clearly waning. There is indeed insufficient drive to continue pushing upward. Currently, market liquidity is already tight, and in this environment, the probability of a decline is evident.

Trading Strategy
Between 89,500 and 90,500, you can gradually establish short positions. The expected target below is around 88,000-87,000, and $BTC $ETH these two mainstream coins are worth paying attention to. In the short term, it is recommended to focus on shorting, but risk management should be emphasized.