🔥 Bitcoin oscillates, is the next wave of upward movement brewing?
Recently, the market has been affected by U.S. economic data and a strong dollar, with 33268598150 (66977592211) pulling back on January 8, causing many to feel anxious: Where is the support? Is there still a chance to break new highs?
📉 In the short term, market sentiment is clearly suppressed by the strength of the dollar, but this does not signify the end of the bull market. 70611505470 will take office next week, which may bring new variables to market sentiment. As the new government's policies are gradually released, the flow of capital in the market will become particularly critical.
💡 Three core observation points:
1️⃣ Can the support level hold? The market is currently correcting, but a large amount of capital is still supporting Bitcoin at high levels. If the price can stabilize above $85,000, it will lay the foundation for the next round of upward movement.
2️⃣ Buying momentum from countries and institutions: Whether it’s Grayscale, MicroStrategy, or some emerging market countries, everyone remains confident in the long-term value of Bitcoin. The pace of institutional accumulation has not stopped, which is an important signal for long-term bullishness.
3️⃣ Policies and dollar trends: The strength of the dollar may suppress short-term capital inflows, but it could also trigger more demand for hedging. The uncertainty of policies may bring short-term volatility, but as long as overall liquidity is abundant, market confidence remains.
🔮 My view is that in the short term, Bitcoin may continue to oscillate and adjust, but this may not be an opportunity for long-term holders to reposition. When the price further pulls back to the support area, it may welcome a new round of rebound.
As for the subsequent trend, Bitcoin still has strong growth potential as an asset, with a target price still looking towards $100,000 or even higher.
👉 What is your strategy? Is it to buy the dip or to wait for the market to stabilize? Share your thoughts!