This week, Bitcoin showed a pattern of rising sharply and then pulling back. It tested the $65,000 level multiple times at the beginning of the week. Bitcoin also relied on this level to rebound, and in the midweek, it broke through resistance around $72,000 up to $74,000. By the end of the week, it faced resistance and pulled back again, testing the $66,000 level.

Throughout the process, Sister Ying mainly adopted a long-leaning strategy. Early operations went smoothly, but in the last two days, due to increased risk aversion and market downturns, some losses occurred. However, overall, the gains remained quite substantial.

The risk aversion trend continues to ferment. Although its impact hasn't caused the same violent swings as earlier, this downward trend is still under pressure. As long as the Middle East situation escalates, it will be difficult for Bitcoin to rebound significantly unless risk aversion diminishes or new positive news outweighs the risk concerns.

From a technical perspective, focus on the support around $65,000. This week, the price surged and then pulled back; $65,000 is the last line of defense for the bulls. If it holds, next week we remain optimistic about a rebound. However, a short-term continuation of weak consolidation before another rally is also possible. $BTC