Did you enter the market for the 87400 that was laid out yesterday?
Never has there been such a large divergence between bulls and bears as now. The bullish side seems to suggest that 'whales' are quietly stocking up, and with gold skyrocketing, Bitcoin, as digital gold, is also expected to rise significantly. On the bearish side, the Federal Reserve Chairman's recent tough stance indicates that the market will not be rescued in the short term, and Trump's policies are all just hot air, making sustained increases unlikely; after all, digital gold is not real gold.
For us retail investors, how should we seize the future?
From a trend perspective, around 88,000 is an important position for either a rebound or a reversal. If it breaks upward, it will directly surge above 94,000-95,000 in the short term, but if it cannot break through, it means that the overall downward trend has not reversed, and we need to look for support points again around 80,000 and below; thus, the 87,000-88,000 area we have been emphasizing recently is a key position to try. As long as it does not close above 87,000, basically 85,000 is likely to be given, and my suggestion is to take profits at 85,000-83,000 as the first target and around 80,000 as the second target. Leave some as a bottom position to see how it goes, just in case? After all, from a cyclical perspective, there are already characteristics of a mid-term bear market. Everyone can continue to follow us; we will post updates on market conditions and points every day in the square and group.
Here are a few suggestions for everyone: do not blindly chase highs and cut losses; trade at important support and resistance levels. Following emotions can easily lead to being repeatedly cut. In the short term, it is still mainly a consolidation phase, and a bull market with several thousand points of increase is unlikely because market liquidity cannot keep up. We need to wait for the Federal Reserve to lower interest rates, stablecoin increases, and government stimulus; only when all three conditions are met can we talk about a bull market!