Bitcoin adjustment is over, a new round of bull market restarts! !

There is no need to interpret too much about Bitcoin's current round of callbacks. A 5%-15% price drop in the bull market is healthy, in order to complete the pattern repair and liquidation of long positions.

On the macro level, the "new cabinet" formed by US President-elect Trump has a friendly attitude towards the crypto market. The latest news shows that he chose cryptocurrency hedge fund manager Bessant as Treasury Secretary, which means that the United States is one step closer to realizing the national strategic reserve of Bitcoin; the Chicago Board Options Exchange also announced the launch of the first batch of cash-settled index options related to the spot price of Bitcoin on December 2 (next Monday). Such news is undoubtedly a booster for Bitcoin's prospects.

At the cycle level, the retracement touches the BOLL upper rail support, as shown in the figure: the four-hour cycle retracement of the top and bottom conversion price of $92,600 stabilizes, and the overall upward movement is in the form of a box structure. The top and bottom conversion pattern has been completed, and this round of adjustments is over. In terms of operation, buy on dips at $92,600. When the relay pattern is constructed again, Bitcoin will set a new high at the next level, heading straight to $110,000.

Puppies is a Musk meme coin with great potential and is suitable for ambush. It should be about to explode.

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