Happy weekend, good morning!
The wind is picking up—will next week start trending differently!
Based on the current four-hour chart, after a round of washing action on Friday, price is still trading above the 70,000 level. At the current pace, we can consider this a normal pullback within the channel without breaking the uptrend. The moving averages maintain a bullish alignment with no death cross or downward turning point appearing.
From a K-line perspective, small bullish candles are gradually forming, with price stabilizing above 70,500. Short-term downside momentum has been exhausted, and