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This week, Bitcoin generally followed a very clear pattern of sharp rise followed by a pullback. After stabilizing at low levels early in the week, it quickly surged, with the highest touching around 72,000. However, the bulls did not sustain high-volume buying at the top, and after repeated attempts, signs of weakening upward momentum gradually appeared. As the week progressed, the market shifted from high-level consolidation to a stepwise decline, especially from Thursday to Friday, when the bears accelerated their selling, pulling the low back to around 65,500. The weekly range was nearly 7,000 points, indicating a typical pattern of downward pressure at high levels with the center of gravity gradually shifting lower. Ethereum's movement was in sync with Bitcoin but showed more obvious weakness. After reaching around 2,200 early in the week, it failed to hold, then repeatedly broke key support levels, with the lowest dropping to about 1,966. On the weekly chart, most of the previous rebound gains have been essentially wiped out.
From the actual trading rhythm this week, the overall approach has consistently focused on shorting. Whether it's Bitcoin or Ethereum, each rebound failed to break through resistance above, instead providing more opportunities for short entries at high levels. The profit targets achieved were quite satisfactory—Bitcoin gained over 17,000 points, and Ethereum about 500 points. Especially after the trend became clearer, the continuation of the bearish trend strengthened significantly. The market is often not complicated; the key is whether you can stick to your original judgment amid repeated fluctuations, rather than being easily swayed by short-term momentum. The real test for traders is not how many waves they catch, but whether they can secure their rightful gains when the trend is clear. Consistent stability itself is the most direct reflection of strength.
Looking at the current market structure, Bitcoin, after finding support around 65,500, experienced some consolidation, but the rebound remained limited. The one-hour volume did not show significant expansion, indicating that the current phase is more of a correction after a decline. The key resistance level to watch is around 67,200, which is the core pressure zone after this pullback. If it cannot hold above this level, the market is likely to continue testing below 65,000. For Ethereum, focus on the resistance near 2,040, which also corresponds to the recent high of the short-term rebound structure. If the rebound cannot break through this level, there is still a possibility of retesting around 1,950. Overall, there are no signs of a true trend reversal at this point. The current strategy remains mainly to short on rebounds, avoiding blind chasing, and waiting for key resistance levels to re-enter for a more stable rhythm.