Will Bitcoin surge to 150,000⁉️ Or will it plummet to 80,000⁉️
Today's morning session has this structure very critical. We all know that yesterday Bitcoin experienced its first pullback, which was very slight, dropping from 105,800 to 100,700, approximately a 5,000-point pullback. This magnitude is clearly insufficient to be considered a formal pullback.
⚠️ From a technical perspective, this 5,000-point minor drop should be regarded as a prelude to the subsequent major market movements. Currently, both a significant rise and a significant fall are possible.
If it follows the pattern in Figure 1, it can be understood as a continuation during the upward process.
If it follows the pattern in Figure 2, it indicates a major drop after Bitcoin hits 110,000, which can also be interpreted as a narrow range at high levels before the drop. Therefore, both major trends currently have sufficient market evidence to support them, and neither side has overwhelming evidence.
Beware of teachers who flaunt their profits every day; gains and losses come from the same source. If you're too optimistic, the money you earn can easily be lost back. Not to mention the authenticity of their profits; even if they are genuine, this trading system and philosophy will inevitably lead to losses in a future downturn. Too much optimism is not healthy; don’t argue with me. I remember clearly during the previous bull market when it rose from 50,000 to 70,000, there was a teacher who kept shouting to chase the highs and buy more. His fans indeed made some profits early on and praised him. However, when the market later plummeted, he was still shouting that the trend remained bullish and urged everyone to continue buying in, eventually leading all his fans to liquidate their positions. Now, he is silent and has disappeared without a trace. Being too optimistic is truly risky; don’t argue with me. Once you have seen enough and understood enough, you will be on my side.🤏