The weekly chart shows a huge volume, and there is a high probability of entering a long period of sideways consolidation. The overall trend for 2026 is leaning downwards, and after consolidation, it is more likely to drop first. Recently, it has been moving in a boring small fluctuation consolidation, with the range likely between 67,000 and 72,000. The recent rebound is just short covering, and there is no new capital on-chain, making it difficult to sustain. If it can hold above 67,300, this round of adjustment may end and start the Spring Festival market. A surge towards 75,000 is expected, followed by another downward move👇

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