Due to the previous President Trump's statement not considering replacing Powell for the time being, market sentiment has clearly turned positive. Bitcoin prices have quickly surged, breaking through several key resistance levels, and at one point reached around 94,100 points before experiencing a technical pullback.
Looking at the current trend, although there is still a possibility for further upward movement, considering that prices are already at a high level, market volatility has increased, and chasing prices recklessly is not a rational choice. If the market reverses, those chasing highs will face significant risks.
A more prudent operational strategy is to wait for prices to fall back to the support area before entering again. It is recommended to pay attention to pullback opportunities in the 91,300-91,800 range. If prices stabilize, one can gradually build long positions, targeting the range of 95,000 to 95,500 points, balancing risk control and profit potential.
