$BTC Mid-term Trend Analysis
The recent decline of Bitcoin has fallen more than 20,000 points from around 100,000, directly killing all the bulls and pushing prices down to a point where no one dares to buy the dip. The main players have reclaimed their chips, and even more, because their selling is usually hedged with short positions. So, does this mean the bull market is over?
We analyzed from multiple perspectives when the price was at 80,000, and 2025 is expected to be a bull market year. This expectation will not change, but it is impossible to predict in the short term; we can only follow the market. From the daily chart, we saw a long wick, and altcoins no longer seem weak, indicating a potential short-term recovery.
Currently, there is significant resistance around 90,000, which has trapped many people, whether in spot or futures, leading to some selling pressure. Therefore, we can only view this wave as a rebound, with expected highs around 91,000 to 92,000. Next, we will observe whether 90,000 can hold as support before making the next decision.
In March, there will be a Federal Reserve meeting on March 19, which could be a turning point. My previous personal operation mentioned that I have laid out a mid-to-long-term grid strategy with Bitcoin and Ethereum, while in spot, I have only deployed Trump and DOGE, with expectations focused on March's performance and the resistance at 90,000.
Short-term Operations
Set long positions in the range of 84,000-85,000, with risk control set below 82,000, targeting around 89,000-90,000, with a risk-reward ratio exceeding 2, providing some operational space.
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