Bitcoin has currently exited the main downtrend structure and initiated a double bottom at 74000. The bearish sentiments have basically been fully digested. In the upcoming period, black swan events in the market are unlikely to occur frequently. Trump's tariff policy has been postponed for three months, and during this golden three-month period, it is a golden time for a reversal in the cryptocurrency market. I believe the main players will seize this opportunity to take action and push Bitcoin above 120,000 before July.
This morning, Bitcoin faced resistance and retreated from 86,000, which is a normal movement pattern, also known as a breakout pullback. A few days ago, the resistance level given was 84,400, as this was the top of the previous trading range; now it has converted to a support level. The upcoming trading range will continue to fluctuate between 84,000 and 86,000, accumulating positions. Today's weekend market is not expected to be too volatile; we should patiently wait for Monday when Wall Street resumes trading.
Contract Strategy: Gradually enter long positions in the range of 83,510-84,000. The maximum position should ideally be 2 layers with a leverage of 10 times.