【2024-12-19 BTC Trend Analysis】

Let's first look at what I've mentioned in the past two days, that Bitcoin will have a pullback recently, so everyone should pay attention. This pullback has indeed arrived as expected. The drop yesterday was due to Powell's comments at 4 o'clock, which affected the market. This kind of drop doesn't have much strength; it is just a stimulus from the news. However, it is friendly for our long-term investors.

I previously mentioned that Bitcoin has been consolidating at a high level. If there hasn't been a deep pullback, there won't be a significant increase, and the strength of long positions won't be great either. Therefore, we need a deep pullback to have the opportunity to increase our spot positions. This time, we can prepare for the opportunity to add to our spot positions.

If Bitcoin does not break below: 91344.3-85007 during this pullback, there won't be a significant level of retracement. Our bull market is still here; it’s just that the bull is tired and needs to rest. Once the bull is rested, the bull market will continue. We are still holding our long positions, so everyone should not panic. You can also check what I've posted in the past two days; I predicted Bitcoin's pullback, which has indeed arrived as expected.

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