Pal's Bitcoin: Native Market Weekly Report -8.24 Figure 1: Weekly chart 1) Crazy bullish candlestick, last week we changed the previous month's volatile trend and pulled up directly. Currently, it has reached the high level before May. 2) The most discussed topic in the market now is Whether you're here or not, I don't think it's necessary to discuss and anticipate this issue. Isn't the key to this problem that if the bull doesn't come, then if there is a high point, you can plan to short sell and buy? If the bull comes, just buy desperately and continue to take other higher high points? But whether the bull comes or not is just a summary of our market situation afterwards. I have always been talking about following the trend, and now it is an upward trend. Before the trend changes and breaks, you just need to follow the trend and go long. Don't think about being short, think about reaching high. When there is a structural correction, you can take profits if necessary and short if necessary. 3) Currently, both myself and the technology bloggers I follow are paying attention to the position of 80-83. Why this position? Because this is the high point in May, and it is the position that bears need to protect. Refusing here, the overall structure is still declining, and there is still a probability of reaching a new low again. But once there is a breakthrough here, it basically means that the overall decline from 125-58 has ended, unless there is a major black swan event, 58 is basically low. Because I stepped back on Zhou OB here and had a short period of fundraising and consolidation, I made another breakthrough. So this is the point of the game, the content of the game just hasn't reached a lower point yet. 4) From a personal trading framework perspective, I am more focused on 80000 positions. This is an integer number, which is also the eq position of two intervals. Refuse here, then pay attention to the callback. I think we will break through here and seize the 83rd and 85th positions in the test. Then, looking back at the support reaction at the 8W position, we will continue to test upwards at 95. Here, the weekly bearish ob is also the high point we can currently see. If the 8W level falls below, it should be noted that it is a rebound after plundering. You can go to the vicinity of 72-70 to see the suction support and make a buy. 5) Key events of this week: Wednesday 20:30: July PCE data - Currently, the market expects the most critical core monthly rate in PCE data to be 0.23%. As long as the core PCE monthly rate is less than 0.3%, the market is likely to remain moderate. Nvidia's financial report after Wednesday's close, conference call at 5am on Thursday - AI cooling, weak US stock market, little impact, more rest time Friday 22:00: Walsh's speech - this is about whether he is an eagle or a dove.