Let's look at yesterday's Bitcoin trend. It was so strong! A lower lead, followed by a green real candlestick directly forming an engulfing structure. This is a typical bottom-breaking pattern, a clear market reversal signal.

However, some big Vs only came to find excuses after the big drop, claiming that it was CZ or Wei Strategy who was supporting the market. This is completely hindsight. They did not predict the big drop before the big drop, and waited until the market rebounded before forcing contact. Such big Vs are not worthy of being called big Vs, let alone charging fees.

There was already a demand for a market correction, which is very evident in the candlestick chart. After Trump signed related cryptocurrency legislation, the market failed to see the expected surge, indicating a lack of follow-up momentum. A lack of momentum requires a big needle to clean up leveraged positions, making the market lighter; the logic is very clear.

The Trump family's 'dramatic' layout

Yesterday's market changes once again proved that the Trump family has been speculating on cryptocurrencies. They hold WLFI and have a clear policy layout. The whole process can be broken down as follows:

Let the rumors fly: announce tariff increases to create market panic.

Market response: Coin prices are correcting, forming lower buying opportunities.

Negotiations reached: tariffs suspended for 30 days, market sharply rebounds in a short time.

Current market situation: Most people missed the opportunity to buy at low prices, positions have been cleared, but prices have returned to the starting point.

All of this was actually premeditated; the entire logic is very clear. The Trump family and the Musk family are both manipulating the market using policy to create bottom-fishing opportunities for themselves, leveraging market panic. Their goal is to pull prices up in the long term, even bringing Bitcoin's market value close to that of gold, allowing the entire family and American wealth groups to profit.

Technical analysis: Short-term trend of Bitcoin

Currently, Bitcoin is on the edge of a correction; if today's closing price is below the opening price of the previous day's bearish candlestick (around $100,600), there may be a round of correction.

Key support level for correction:

First support: $99,800 (hourly candlestick gap)

Extreme support: $96,500 (bull-bear dividing line)

Trading strategy:

Long opportunity: If prices pull back to $99,800 or $96,500, gradually layout long positions.

Abandon shorting: Although there are short-term shorting opportunities, the potential is limited and not worth the gamble.

Subsequent targets:

First target: $102,800 (previous high)

Monthly target: $108,000

Bitcoin is likely to oscillate in the $102,000-$103,000 range, giving altcoins time to repair their structures before rising again.

Trends of altcoins and Ethereum

Ethereum's recent trend shows a rounded bottom structure, with quick rebounds each time it touches a key support. Currently, ETH is likely to regain the $3,100 mark soon.

Exchange data:

The exchange balances of Bitcoin and Ethereum have significantly flowed out, indicating continued buying in the market.

BN net outflow of 130,000 ETH, OKX net outflow of 60,000 ETH, showing that the main players still have a bullish outlook on Ethereum.

Key support level for Ethereum:

First support: $2,700 (short-term support)

Extreme support: $2,400 (low probability)

ETH is unlikely to drop below $2,700 in the short term; hold positions and patiently wait for an increase.

Summary

Yesterday's rebound once again proved that the bull market has not ended. Think independently and do not be swayed by the emotions of the manipulators. As long as leverage is controlled well and liquidation is avoided, a 25-year bull market will bring huge wealth opportunities! Be patient, hold firmly, and welcome the big bull market! 🚀