Last night's tariff suspension deadline. Comrade Te Li Pu took the first step to impose tariffs on Japan and South Korea with a decree. The US Dollar Index rebounded instantly, leading to a sharp decline in the US stock market and the cryptocurrency market. However, the minor negative news was quickly digested by the market, after all, when 'Dad America' speaks, no one dares to disobey. I am currently live streaming and telling my friends that the next target for cutting is the European Union, but a piece of news that the EU will not raise interest rates instantly slapped me in the face... I have been honest, please let me off.
Back to the market.
Bitcoin once again formed a small bottoming pattern after hitting 105. The digestion of negative news was followed by a retaliatory rebound. The afternoon saw a rebound with upward fluctuations. Soon we will test the pressure near the trend line. Can we once again see the 'Wolf is Coming' scenario, making a false breakout and then pulling back, or is it preparing to gather enough strength to start a breakthrough? I believe we should see results this week.
As mentioned earlier, the small level has returned above 1085, and with the subsequent continuous upward breakthrough of the trend line, there is still a possibility of opening up more space upwards.
This evening, pay attention to the support at 1082-1085. If it is not broken, continue to look for upward fluctuations. The upper pressure test is at 1095.
Currently, chasing highs is obviously unwise, with small profits and losses. It is better to wait for a pullback to enter the market at a low point.
Above: 1089/1094/1105
Below: 1085/1072/1063