The level of FOMO in the US market is truly beyond imagination. The price of Bitcoin is being forcefully bought up by overseas investors despite the anticipated pullback. The power from across the ocean is just too strong.
However, Bitcoin has tested the 90k mark twice without effective breakthroughs. Currently, it has formed an M-top pattern and is moving within a small range of 85050-89950. Trading should be done within this range by selling high and buying low, and a stop-loss should be set if it breaks out of this range.
Based on the current market situation, it is likely that Bitcoin's price will see a pullback in the short term, but the magnitude of this pullback is not expected to be significant, with a normal correction of just a few thousand dollars. Currently, the repair trend of Bitcoin's price is quite obvious, so it might be better to let the market move through a wave of fluctuations on its own, allowing us to observe its subsequent trends more clearly.
