$BTC

Has the pullback of Bitcoin ended?

Regarding the current trend of Bitcoin, although it has completed the first phase of the pullback, we must still act cautiously, as the market may still be brewing a final wave of adjustment. It is worth noting that around 87500 is seen as a key support area for this pullback, and once the price touches this area, I will actively enter the market. Of course, for more aggressive investors, it may also be worth considering looking for entry opportunities above 90000, although doing so carries higher risks.

However, we must recognize the uncertainty of the market. To ensure investment safety, we should not place all hopes on a single trend. Therefore, moderately allocating some risk-free spot assets is also a good choice to guard against a sudden market reversal, missing out on the opportunity for an upward movement. Although the probability of such a reversal is relatively low, prevention is always better than cure.

From the perspective of market sentiment, the greed index has dropped from an extreme of 95 to 75, indicating that the market is gradually cooling off, avoiding the risk of overheating. This is usually a positive signal for the healthy development of a bull market, as bull markets often do not proceed smoothly but experience multiple pullbacks and rises, lasting potentially up to a year.

In the current market environment, ETH is undoubtedly a strong currency. It not only performed steadily during the pullback but even showed horizontal movement instead of a decline, indicating that it may have significant rebound space in the coming months.

In addition, quality currencies like Sol, Doge, and Pepe are also worth investors' attention. These currencies show stable performance and have high investment value. Buying at a low during the right time and waiting for the market to improve, they are expected to bring good returns.

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