4.11 Saturday, top-bottom reversal is the key window. Will Bitcoin trade sideways next week or return to consolidation?

April has already passed 3/1, and we’re back at the weekend node. Let’s talk about Bitcoin’s price action over the coming week. Personally, I’m overall bearish; it’s just a plain, ordinary person’s perspective, and I won’t use complicated terminology.

From the chart, you can clearly see that the current price is right at a critical level—near the past strong support line, which is what we often call the “top-bottom reversal” node.

At the moment, the market keeps oscillating in the 65,000–73,000 range. It looks like bottoming, but in reality, the bull power is extremely weak. Every time there’s a rebound up to around 73,000, it runs into resistance and falls back. The 74,000 resistance level has never been broken. The so-called top-bottom reversal hasn’t really formed. The rally lacks continuous capital and sentiment support. Expecting a push to 85,000 is simply unrealistic.

From the core logic, on the macro side the Federal Reserve remains hawkish, rate-cut expectations are constantly being pushed back, and the high interest rate environment suppresses risk assets. On the capital side, ETF inflows are weak; there’s no sign that whales or institutions are making a large-scale entry. Selling pressure in the market has been there all along. Overall, the upside space is effectively capped—bulls have no strength to mount a strong counterattack. Meanwhile, the 65,000 support below appears firm, but it’s actually very fragile.

This weak consolidation is, in essence, more like a downtrend continuation than a true bottom. Next week, it’s unlikely to see a strong, one-direction bullish move; instead, the probability of oscillating and weakening is higher. Once the 73,000 level is ultimately confirmed to break down, it will open up new downside room. The market is very likely to turn into a one-sided down move, searching for support in the 60,000–63,000 range.

For next week’s mid-term positioning, my view is to build near the current price of 73,000 and look for a pullback, while guarding against 7.42. For downside, watch the support area at 68,000–65,000–63,000. Start with 1–3 lots (10–30% total position). If it breaks below 70,000, add more. Reduce by 50% at 68,000. At 6.55, you can fully clear.

On execution, I don’t recommend blindly bottom-fishing. On rebounds, focus on risk control, stay cautious, and don’t let a short-term small bounce fool you. $BTC #Gate现货衍生品双双冲进全球前三