This week's Bitcoin market can be summarized as "opening high and moving lower." Starting from the initial surge to the 95,000 level at the beginning of the week, bearish pressure gradually emerged. The market faced resistance around 94,000 twice, then subsequently broke below the 90,000 psychological level, further testing the support around 89,000. During this decline, there was a clear shakeout near the 90,000 mark before and after the Non-Farm Payrolls data release, with fierce battles between bulls and bears.

From a technical perspective, the 95,000 level formed this week's resistance peak, where bullish momentum exhausted. The 89,000 support level became a critical line of defense. Whether the price can break below this support further or rebound will determine the short-term market direction.

Although the Non-Farm Payrolls data release was less than ideal, it also provided new trading opportunities for the market. Traders who placed orders or limit orders at key levels indeed gained entry opportunities. This market characteristic requires traders to maintain clear thinking and sufficient patience—blindly chasing gains or cutting losses often yields less than expected, while investors who stick to their predetermined strategies tend to achieve better-than-expected returns.

Overall, this week's market was more friendly to short sellers but also filled with traps for rebounds. The contest between the 90,000 and 89,000 key levels will directly influence the market's direction next week.