Bitcoin remains in consolidation; where will it go next week?

Over the weekend, Bitcoin briefly surged before falling, but it still hasn't broken out into a clear trend, remaining in a consolidation phase.

The rapid drop on Friday was followed by a rebound, maintaining a sideways trend, but the overall tendency towards consolidation suggests a significant divergence between bulls and bears at the current price. In the short term, no decisive breakthrough has been achieved. Given the recent pronounced consolidation, there remains uncertainty about whether a quick directional choice will be made; thus, trend trading may require patience as the market makes its own decisions.

On the daily chart, the price is still under pressure, remaining below 101,000, with the candlesticks reluctant to rise, also staying underwater. Furthermore, the candlestick is showing an upper hammer line, indicating a weak rebound and insufficient bullish momentum. Of course, directly below is a steep cliff, and the moving averages are gradually trending downwards.

Regarding next week’s layout, the overall direction is bearish, expecting a pullback; in the short term, bulls are resisting fiercely, with the downtrend being repeatedly reversed by bulls. However, the expectation of a final drop is unaffected by the rebound. In the short term, a high-short strategy can be employed. Next week, focus on shorting in the 101,500-100,000 range; the main short strategy starts immediately.

Weekend evening strategy:

Current price 98,900, go long first, with a stop at 97,800, aiming for 100,500.

For the rebound at the 101,000 area, directly short in waves, looking at the 97,000 area!