Bitcoin experienced a sharp drop in the morning to around 99550, but quickly rebounded back to the 102200 area, indicating that the short-term trend is not extremely weak.
Instead, it is a rebound after testing support, with the impact of news being mixed, making it crucial to see how to respond to which positions rise and which positions fall.
From a technical perspective, Bitcoin has not formed an effective bearish trend. Additionally, it fell again in the morning session, but neither the daily nor the 4-hour chart has formed a one-sided downward trend. It is important to note that we are currently not in a one-sided market; the short-term drop still favors a bullish outlook rather than a bearish one, and there remains a possibility of another rally.
Bitcoin operations are suggested around 100500~101000 for long positions, looking at 130000$BTC $ETH .
The current market is experiencing some pullback, but the bullish trend remains strong. Each pullback is followed by a rapid rise, still occupying the dominant position above.
This indicates that the overall trend is still bullish. Do not be swayed by market fluctuations; maintain your stance.
The position of 107500 will be reached, and do not be confused by the market's bearish sentiment.
I've said it more than once! You must be firm in your thinking. If you give 102500 in the afternoon, you can get there. Even if it's late, you will get there. $BTC $ETH
Yesterday I went long at 98000, and it rose to around 100600. Today, I still maintain a low long position!
In terms of the current rhythm, on the four-hour level, the major currency had a strong pullback and faced resistance after dropping, then it closed positively and rebounded higher. Although there is a slight pullback in the short term, it is just an adjustment before the rhythm reaches a peak!
Long positions around 98500~99000 for the major currency, looking at 101500$BTC $ETH