Garrett Jin: The Bitcoin consolidation has not yet ended, macro risks are rising, but the outlook before the end of the year still has support

Garrett Jin stated in the latest weekly report that Bitcoin failed to break through the key resistance of $82,500 after reaching a high of $82,300 last week, and has returned to the consolidation range, indicating that the current consolidation is not yet over, and the market may not have completed half of the entire adjustment process.

In the short term, spot demand has weakened, and supply remains heavy above $82,000. The risk-reward ratio for chasing prices higher or shorting on a pullback within the current range is poor.