In the past two days, the articles have predicted that BTC would undergo a minor pullback, so reminders have been made to attempt light shorts above 83000. However, the expected pullback did not materialize and instead surged past 85000 to reach 86100.
For the weekend, a rise of nearly 3000 points has indeed exceeded expectations, but structurally there hasn't been much change, and trading volume hasn't improved. So even though there has been a significant increase, we should not be overly FOMO; let's wait for a pullback first.
Market Analysis
As the saying goes, things do not happen more than three times. For the 1-hour level, given that the overall structure and trading volume have not changed, being able to surge three times and unexpectedly reach 86100 is already an absolute top. Moving forward, we should definitely short and look for a pullback, but we can't say that this round of increase has changed nothing. I personally believe that there won't be new lows, and 78000 should be the limit for the pullback. The next rebound should break 90,000 in one go, so investors looking to go long should always be prepared.
