In the wave of investment in the cryptocurrency world, there is a prevailing view: during a true bull market, the trend of Bitcoin does not seem to be the focus of everyone's attention; and I have also said that when Bitcoin is in a sideways trend, it is actually a rare stable period in the cryptocurrency world that should be cherished.
The bull market seems to have its own unique rhythm and pace. Bitcoin acts like a key, unlocking the vast upward space of the entire cryptocurrency market, while meme coins serve as mythical creators. The two intertwine and promote each other, together playing the passionate prelude of this bull market.
Undoubtedly, BTC, SOL, and their related meme coins are the pioneering forces in the upward trajectory of this bull market, breaking through obstacles and paving the way forward. At this stage, our focus should indeed shift back to them.
Bitcoin Technical Analysis:
1. Based on the trend triangle strategy analysis, after experiencing a significant rise, Bitcoin, near the integer level of 100,000, shows an upward trend triangle pattern in the daily MA30 moving average. According to this pattern, the decision point for its breakout direction is likely to present itself around December 10, at which time the trend will clearly indicate whether it is going upwards or downwards.
2. The price fluctuation range from 99588 to 90791 may constitute the entire scope of the overall adjustment, or it may just be part of the adjustment process; similarly, the trend from 90791 to the present also has various possibilities of continuing the adjustment segment or starting a new round of increases.
However, these details are not the key point; the core point is that even if this whole segment of movement is regarded as an adjustment phase, its performance is still a relatively mild sideways consolidation, without any severe fluctuations.
3. Currently, market funds have basically gone through a cycle of circulation and are in urgent need of Bitcoin to move to a higher level, further expanding the upward spatial dimension. From a technical indicator perspective, Bitcoin's 12H-level MACD line shows a retreat to the 0 axis, accompanied by a potential upward golden cross formation, which is an extremely stable and healthy operational pattern.
