Recently, Bitcoin has stabilized strong support around 92,000. Yesterday's trend made people feel panic, first the continuous decline, with anxiety about a high-level correction permeating the market. However, two hours after the evening session, a strong rebound unexpectedly occurred, ultimately forming a spinning top candlestick pattern, which indicates that the subsequent downward space is already very limited.
In addition, the market has also been stirred by a major piece of news: the U.S. government plans to sell Bitcoin from the Silk Road, which instantly triggered a wave of panic. In the short term, the market's unease has intensified, especially against the backdrop of a previous surge; investors are in a repair period. Some funds are choosing to withdraw due to risk aversion, adding tension to the market.
Despite the constant short-term fluctuations, from a technical perspective, Bitcoin's support remains strong, and the market is also striving to digest the impacts brought by these news.
So what should we do next? Will Bitcoin continue to fall? What should we do if we are stuck?
Bitcoin's internal adjustment: the black line is the first part of the adjustment, the blue line is the second part, the red line is the third part, and the red line is not a push wave.
Excluding the altcoins and looking solely at Bitcoin, it has actually formed a very strong horizontal adjustment so far, using time to exchange for space. In a bullish trend, this head and shoulders pattern has a higher probability of being a continuation than a top.
The daily MACD indicator's bottom divergence has completed, and the complete line graph is as follows:
I believe that the upcoming market can expect a rebound, but whether it is a rebound or a reversal depends on how the upper pressure level performs.
Small-level pressure points at 97,000 and 98,500;
Large-level pressure points at 102,000 and 105,000;
Ethereum (ETH) has recently followed Bitcoin (BTC) and is oscillating relatively steadily within a range. The key to this wave of rebound or rise lies in whether it can break through the upper edge of the range. If Ethereum (ETH) cannot effectively break through, I will choose to observe temporarily and not participate.
Although there is a possibility of a meteoric rise, in this market, time cost and psychological cost are equally important. A good mindset allows for better opportunities. Now holding a large amount of Bitcoin (BTC), I feel very good and do not want to seek more unnecessary stimulation by blindly chasing altcoins.
Does everyone still remember the older brother who was trapped a while ago?
This week's short position on ETH finally ended with a profit of 3.651 million USD!
Questioning the older brother, understanding the older brother, but unfortunately cannot become the older brother.
SOL appears to be very weak compared to Ethereum, which is quite puzzling for me. The ecosystem first saw MEME and now AI AGENT thriving, so why is SOL's price so sluggish? This is already the second test of the daily MA120.
And the 220 air force defense that I mentioned a few days ago regarding the support and pressure conversion position was surprisingly strong; the strategy is the same as Ethereum. This wave of rebound or reversal, if it cannot outperform Bitcoin, should decisively liquidate to avoid affecting mood.
Trump's hundred-day policy after taking office will directly affect market expectations. Although we cannot accurately predict his policy direction, Trump's control over the MAGA faction is undoubtedly solid. As long as he does not lose control, we are likely to usher in a period of political stability for nearly two years, thereby promoting the continuation of a broad bull market.
Let's talk about the 'altcoin season' that everyone is looking forward to. The arrival of the altcoin season has its prerequisites: the total amount of buy orders in the market must exceed the product of the number of targets and their market capitalization. With the continuous popularization of technology and the lowering of the threshold for new coins to go online, the market targets have almost become limitless. As a result, only when the leading companies in a certain track receive super high attention can they attract excess funds, thus driving up their prices.
Under so many restrictive conditions, obtaining a hundredfold or thousandfold return from a godly coin has almost become a luxury. Especially within large exchanges, the possibility of becoming rich with small funds is gradually decreasing. In the face of market changes, rational investment and focusing on leading tracks may be a wiser choice.
The on-chain level 1.5 market seems to have become the only option for getting rich quickly.
However, there are also its disadvantages on the chain; a thousandfold increase naturally corresponds to a large number of zero-value assets. The narrative perspective is just a 1 that a coin can increase, after all, once the goal is achieved, great scholars will argue for you, and the strength and purpose of the capital behind it are the 0s following the 1. As for how many 0s there can be, it can only be analyzed gradually and through in-depth investment research. This is the only way to increase the probability of winning.