【Weekly Market Review and Strategy Outlook】

This week, BTC experienced a pattern of “initial strength followed by weakness and accelerated plunge,” culminating in a “Black Weekend” triggered by macro risks and the collapse of structural leverage, which directly led the market into a full-scale collapse.

On January 26, BTC oscillated around the 88,200 level, and on January 27-28, after a brief pullback, it tested the 89,000 resistance level. This high coincided exactly with the upper boundary of the previous consolidation range, serving as a short-term test for the bulls. Entering January 29, as macro risk appetite rapidly cooled and liquidity tightening expectations sharply increased, bullish momentum quickly waned. The price dropped from 89,000 down to the weekend low near 78,000, with intense intra-day volatility, accompanied by large-scale perpetual contract liquidations and significantly increased trading volume.

ETH continued its high volatility. After failing to break through the 3000 mark, it proactively broke below the 2400 support level, triggering increased selling volume and dense stop-loss orders, resulting in a clear stop-loss cascade effect. Rising macro risk aversion, persistent negative funding rates, and a bearish price structure led BTC and ETH to turn completely bearish, marking a critical shift from range-bound oscillation to a breakdown.

Looking back over the week, our core strategy has consistently focused on “shorting + high-altitude shorting.” Whether it was capturing the trend or accumulating short-term profits, we achieved good results. The intense volatility over the weekend once again reminds us that the ability to adapt quickly in live trading is crucial. The road to profitability is long and challenging; only by following the trend and remaining flexible can we succeed. #加密市场回调