With the US stock market rebounding yesterday, Bitcoin indeed continued to rebound. Bitcoin has successfully stood above 85,000. In yesterday's article (Bitcoin loses this position, it will definitely crash to 70,000! How to layout in Bitcoin's fluctuating market? CZ calls for MEME, bullets are loaded, just do it!), I mentioned that 'If Bitcoin can stabilize at $83,000, it has a chance to hit $85,000 or even break through, which will keep the head and shoulders bottom pattern valid.'
Last night, many people were scared by a long upper shadow at the high point on the 1-hour chart, mistakenly thinking it was a false breakout and shorting. However, the main players quickly pumped the price, causing a large number of short positions to be liquidated. Bitcoin temporarily failed to stabilize at the 85,000 mark, hovering around 84,200.
Currently, the daily level of Bitcoin has formed a bullish signal of 'two ups and one down'. Unless the market experiences extreme situations, this pattern usually indicates an upward trend. The key support level for Bitcoin is $81,200. If it can stabilize above that level during the weekend's daily pullback, it will start a small step bulldozer rally mode, which will be an excellent opportunity to enter long positions. The upper target is all 90,000, and the subsequent target is 93,000.
Key events to focus on next week:
At 3 AM next Thursday, there will be a Federal Reserve meeting. If signals of three interest rate cuts within the year and a slowdown in balance sheet reduction are released, combined with a de-escalation in the Russia-Ukraine situation, BTC may be expected to break through 90,000.
Generally, after the European market opens on Wednesdays, the market will react in advance and start to decline. If it can rebound a little higher based on last night, we will see how it performs from Monday's US market to Tuesday's European market. We can continue to catch high points to enter short positions. Going down before and after the meeting is just a matter of a needle. For those who are good at hedging, shorting and low buying can be done simultaneously. The shorting points keep moving up, and low buying points can be accessed in batches 2-3 support points below the current price.
The recent secondary market is not good, the market has been fluctuating down for a long time, but the primary market is still relatively hot. The BSC chain has been producing gold dogs, and the overall market perspective and funds are focused on BSC and BASE chains.
CZ provides a meme contest with liquidity rewards. Giving out so much money means that there will be new memes listed on Binance recently. MEME coins are like cockroaches that can't be killed. Each crash becomes an opportunity. Yesterday afternoon, the community's top influencer, a handsome guy, pushed two big gold dogs in a row, soaring threefold in an hour and a half, and the other even shot up fivefold!
Then strike again in the early morning, the recommended gold dog surged strongly, reaching a maximum increase of three times, and is currently still holding a twofold high ground.
As long as you experience MEME a few times, you can officially step into this circle from a zero foundation. Next comes losing money to pay tuition to the market, and then slowly gaining insight. How much you can comprehend depends on the individual.
The colder the market, the more you need to stay in the VX group. Gold dogs are often hidden in the most active chat records. In 2024, BOME and WIF can create wealth, and in 2025, who knows if AI-generated meme coins or metaverse local dogs will emerge.
