Recently, many cryptocurrency enthusiasts have been asking me about the market trends for Bitcoin. They feel anxious watching the prices fluctuate, unsure whether to hold or sell their assets. The solution is quite simple: if you can't grasp the current market rhythm, it's better to wait patiently for a breakout signal instead of being chopped up in the range.

Let me share my viewpoint: I remain firmly bullish; the current upward momentum for Bitcoin is genuine. Some may say that there was a drop previously, but look, it started a strong rebound from around 84800 yesterday, peaking at 88127, indicating robust buying power below. Moreover, from a technical perspective, the MACD on the 4-hour chart has formed a golden cross, the red momentum bars are continuously expanding, and the RSI has pulled back from the oversold area, all of which are signals of bullish strength.

It's important to highlight a key level: the support level at 88000 is crucial. Whether from previous market reviews or current technical analysis, this range is a critical intersection of historical support and medium-term trends. Recently, several pullbacks have not broken below this level; instead, every time it hits this level, it rebounds, proving its strength. I dare say that as long as we can firmly break through 88000 and hold this position, the subsequent space will open up completely.

As for the target levels, there’s no need to guess too far; the first wave targets the 89500-91500 range, a reasonable estimate based on recent resistance levels and trend continuity. Of course, some may worry about selling pressure above, but the market sentiment is recovering, combined with the warm winds of expected interest rate cuts from the Federal Reserve. As long as the breakout is effective, the bullish momentum will surely push up.

Finally, let me advise everyone: making money in the crypto circle isn't about the moment; showing off is pointless. If you feel tempted by the fluctuating market, buying leads to drops and selling leads to rises, it might be better to stay in cash and wait. Once the breakout signal at 88000 is clear, then enter the market in the direction of the trend, which is both prudent and allows you to secure profits. Chengjie has always emphasized that having the right trend is more important than anything else; the upward momentum is here now, so don’t miss out on significant opportunities due to reckless actions.

Be patient, wait for the breakout, and let's keep an eye on the targets of 89500-91500: $BTC , , $ETH , , $BNB , , #美国非农数据超预期 #比特币波动性 #香港稳定币新规 .