In the early hours of Wednesday, after facing upward pressure, the price trend of Bitcoin has changed, and the price continues to decline. Currently, the Bitcoin price has dropped to around 83,000. The pullback is not a reversal but rather a preparation for the next rally.

Regarding the current oscillation rhythm, in the short term, we still expect a rebound, and there is still some space above. After all, market conditions will not always be in a pullback or oscillation; a one-sided trend will appear again. Overall, the current trend structure is showing a recovery performance. It is just that after the pullback, it has paused here. We can see that even if there are retracements, they have not formed a continuous downward trend. The overall large trend structure is still viewed primarily as bullish. We remain optimistic about the recovery of the bulls.

Operational Suggestions

Long Bitcoin at 82,500-82,800 with a target of 85,000

Long Ethereum at 1,580 with a target of 1,650,663,131,267,59