The current trend of Bitcoin (BTC) and strong altcoins shows a certain degree of pullback, but this pullback seems more like a consolidation of the first wave trend rather than a simple pullback.
The short-term bearish trend may expand, and the probability of completing the pullback still exists.
The market performance in the next one to two days will be crucial, especially at the position of 956, which is an important support/resistance node.
If the price breaks above this level, the consolidation adjustment may end, and the trend will continue to rise; if it breaks below, it may test the double bottom support area at 915, and further observation of the upcoming high points or whether a breakdown occurs is needed.
It is currently in an observation period, and even if a pullback occurs, there will be no reduction in positions for now.
Referring to the trend of 2021, the consolidation or pullback may continue until around 1210, at which point a price dip to the 87-88 area would align more closely with a reasonable adjustment range.
