Bitcoin experienced a deep weekly correction this week. The market opened with a sharp decline due to bearish factors such as the U.S. government shutdown risk and Middle East tensions. After reaching a high of $79,200 during the session, it fell to around $59,900, triggering a large-scale margin call. On Friday, as geopolitical risks eased, short-term negative factors were exhausted, and technical rebound demands emerged, resulting in a violent rebound that peaked at $71,700. Currently, the price is consolidating around the $70,000 level. From a technical perspective, signs of a bottoming pattern are emerging, but confirmation of volume is still needed. The recent sharp decline was mainly caused by macroeconomic negative news, a reversal of capital inflows, and market structural fragility. Although there were minor losses from trading this week, the overall strategy of shorting with timely adjustments proved effective. The market is likely to enter a consolidation phase moving forward. Key support levels are at $59,900 and resistance at $71,700. The strategy remains cautious and trend-following, with strict risk control and real-time monitoring of intraday movements and strategic adjustments.