This week's trading summary:

The market continued to experience wild swings this week, increasing the difficulty of operations. High-frequency traders kept getting stopped out; the most important development was progress on the CLARITY Act. However, the core issue of issuing interest on stablecoins was rejected, causing CRCL, the parent company of USDC, to plummet. In just two days, its stock price dropped by $36, a 29% decline. Additionally, the rebound in crude oil and gold drained most of the liquidity, putting pressure on risk assets. BTC/ETH also retraced sharply, erasing all gains made since Monday night.
Currently, in this downward wave: 1. Testing support around 63,500 to confirm support and initiate the next rebound; 2. Breaking below 63,500 toward the 60,000 level to test support. The main force's choice remains to be validated over time.
Whether there will be a violent rebound like last Monday next week is still uncertain. If a bottoming and rebound occur on the 1h/2h timeframe, this wave is expected to complete before Tuesday.
If things go well, the bottom test at around 63,500 could be completed within the next couple of days or by early Monday.
This week, the long position at 67,500 from Monday afternoon took profit, and the small profit on the WIF long on Tuesday was not held. On Wednesday, short positions in the 71,000-71,500 range during the rebound and ETH shorts at 2200-2225 were maintained; the SSV medium-term position from Wednesday is still held and not closed yet. On Thursday, CRCL stopped out with a total loss of $3; gold at 4385 gained profit; BTC’s average price on Thursday and Friday was between 68,000 and 68,800, currently trapped without additional buy-in, no liquidation price to hold into next week. ETH is still held at around 2060, waiting for a lower entry point next week.
There are profits, losses, and breakevens, with overall balance closely matching market volatility. The price has fluctuated for a week and returned to last weekend’s level.
Assets have mostly recovered to last week’s levels, with spot assets even lower in drawdown than last week.
For the weekend, watch support at 63,500 and 60,000, with resistance at 68,500 and 70,825 for BTC.
For ETH, support at 1825-1905 and 1600, with resistance at 2100 and 2225.
Support levels are ideal for placing buy orders to acquire spot positions. The best time to set orders is now—waiting to receive the assets could bring great future gains. Follow the above suggestions for controlling contract positions.
Pay attention to key times: Sunday night at 23:30 and Monday morning at 6:00, 8:30, and 18:35. If the market continues to push lower, it’s an opportunity to add to positions and enter the market.
When enemies don’t move, I don’t move either. Stay calm, give the market some time to ferment further! $BTC $ETH