$BTC
Market Overview: closed the morning with a solid bullish candle, opening high and moving low today, mainly trending downwards.
Tomorrow at 3 AM, Trump will give a speech at the White House regarding the implementation of tariff policies. Will it continue to pull back or will a rebound come? Yesterday, the market experienced a V-shaped reversal, giving many hope and reigniting passion, but some believe this is a deliberate pump to prepare for a major pullback tomorrow. After all, the higher it is held, the harder it will fall; both bulls and bears express their opinions and encourage each other.
Bitcoin is currently in a converging triangle looking for In this situation, it is not wrong to go long on a breakout or short on a breakdown;
the difficult part is having the courage to place trades and set stop losses. The essence of trading is to know, act, and try; it’s better to make a mistake than to miss out. Making a mistake is fine, but it’s important to correct it in time and stand firm when facing losses. Missing a segment of the market is acceptable, but missing a major trend is not; making a mistake is okay, just don’t deny it in your mind, as that would be unwise.
The resistance levels for Bitcoin are at 85.8K, 86.5K, and 88.5K where shorts can be considered, while support levels are at 83.5K, 82.2K, and 81.2K for potential longs. It is currently in a converging triangle, observing and waiting for a genuine breakout or breakdown before entering the market on the right side; or waiting until tomorrow when the tariff policy is confirmed and the market stabilizes before deciding to enter. Both bulls and bears carry risks, so it’s prudent to hold back today and watch the changes.
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