Trump's Policy Effect: Recent news from the Trump administration promoting the establishment of a 'Bitcoin Strategic Reserve' may temporarily boost market confidence, but uncertainty surrounding actual implementation may lead to increased volatility.
Institutional Participation: The movements of institutional investors (such as mining companies or ETFs) may drive price fluctuations, especially during periods of low market liquidity.
Retail Sentiment: Retail investors often exhibit 'buy high, sell low' behavior in the late stages of a bull market, which may have recently intensified selling pressure. $BTC
Technical Analysis Perspective:
From a technical analysis perspective, the recent trend of BTC may exhibit the following characteristics:
Support and Resistance: Assuming BTC's current price is in the range of $80,000 to $85,000 (based on the assumption of a pullback after recent highs), key support levels may be located between $78,000 and $72,000, which may be supported by short-term moving averages (such as the 50-day moving average) or previous areas of dense trading. Resistance may be around $90,000, and if a breakout fails, it may further confirm an adjustment trend.
Oscillator Indicators: If the RSI (Relative Strength Index) approaches above 70, it may indicate an overbought condition, signaling a risk of a pullback; if it drops below 30, it may suggest oversold conditions, making a short-term rebound likely.
Volume Changes: If trading volume shrinks recently, it may indicate a lack of sustained buying support in the market, making prices more prone to decline; conversely, if volume increases while prices drop, it may signal panic selling.
The above analysis is personal advice and does not constitute investment advice.
If everyone wants to buy in, remember to diversify your positions and strictly control your holdings.
