Bitcoin Trend Judgment 👇👇👇

The trend can be judged by the four-hour upward support trend line constructed from the low point of 86666 on November 15.

As long as this trend line is not broken, it indicates that the short-term upward trend of Bitcoin remains intact, even if there is a pullback of nearly ten thousand points.

A round of movement includes multiple different stages such as rebounds, fluctuations, and pullbacks; even a strong bull market cannot continue to rise unilaterally.

Currently, the overall upward trend of Bitcoin is good. Although this pullback is relatively large in both strength and magnitude, first, it has not broken the support trend line,

second, it is influenced by news. The Federal Reserve's interest rate hikes or cuts do not affect the overall direction of cryptocurrencies but will have a real-time stimulating effect on short-term fluctuations.

The support level on the four-hour line is at 98500, which is roughly the low point of the morning pullback. In the short term, we can first pay attention to the support situation at this position.

If it can hold, Bitcoin will continue to rebound based on this position.

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