At this stage, there are still people who are bearish? I really admire their market sense!
Let me emphasize again, the current rise is a true reversal signal, absolutely not a rebound! Not a rebound! Not a rebound! It's a reversal! I said it three times, do you remember?
For those who like to watch the drama, feel free to leave your comments, and let's see who will be laughing at whom! The current market is definitely a bullish market, why do I say that?
After the CPI data was released yesterday, according to past trends, the market would surely make a big drop, possibly even hitting new lows. Many people started to predict BTC would break new lows, but I went long instead, because this is the start of the main upward wave's rhythm. Looking bearish at this time is just going against the trend, don’t be defiant!
If the market hadn't arrived, why did it drop back in the first half of the night after the CPI was released, only to be pulled back up overnight? Was it to help retail investors get out of their positions? If you really understand BTC's secondary bottoming, you would know that during the rapid decline at the secondary bottom, there was clearly insufficient selling pressure. The rapid declines at 76000 and 78000 had noticeably reduced trading volume, this was the main force testing before the rally, testing how much selling pressure there was. If the test is successful, a rally is certain! The results tell us that the test was successful, and the rally has already begun.
Now BTC is around 84000, there is a resistance level here, normally there would be a pullback, but after the pullback, it will continue to rise, likely reaching around 88000-90000, then pull back again, and then it will surge towards 100000...
If you feel helpless and confused about trading right now, and want to learn more about cryptocurrency and cutting-edge news, follow me, and you won't get lost in this bull market!
