Recently, the price of Bitcoin has been like a roller coaster, going up and down, making people dizzy. Why all this turmoil? There are too many reasons: the situation in Iran and Israel is unstable, tariff negotiations, various economic data releases are all affecting it, and the Federal Reserve is about to hold a meeting. Even a statement from Trump could cause it to jump a few times.
I've heard that the entire internet is bearish today? Can Bitcoin really drop below 100,000? I think that's unlikely!
If you look, after Bitcoin dropped recently, it bounced back as soon as it reached a key position. Looking at the 4-hour chart, it has increased for three consecutive candles, and the price has returned to the range where everyone was trading the most. If this trend continues, there's still a chance to surge above 106,500 in the short term. However, there is also pressure above; if you want to buy on the rise, be careful not to be too greedy, and take profits when you can. If the price drops again, it might actually be a good buying opportunity, so don’t blindly short.
Speaking of Ethereum, yesterday it really dropped to around 2450, just as we predicted. Regarding Ethereum, I have always said to wait for it to get cheaper before buying. It's still fluctuating, and once it stabilizes, it is likely to show a decent upward trend later on.
