⚠️⚠️Attention!! Bitcoin is about to reach a critical resistance level, and the signal for a trend reversal is evident here. Currently, Bitcoin's trend is relatively strong, and once it breaks through strongly, the opportunity for accumulation at the bottom may become slim.
Based on the development trend cycle over the past decade, Bitcoin's trend aligns with the standards of a long-term moving average. Additionally, with the Federal Reserve's interest rate meeting starting after May, both from the news perspective and trend analysis, the time for Bitcoin to enter the next bull market is not far off.
Around 90,000 is a critical resistance level for Bitcoin. When it reaches this key position, it is essential to pay more attention. If it breaks through and stabilizes in a short time, Bitcoin will enter the previous consolidation cycle, and will continue to rise to the range of 90,000 to 100,000. If it fails to break through or the resistance is too strong, one can consider shorting at highs, using a reasonable trading strategy, setting stop losses, which still offers a very good risk-reward ratio.
Personally, I believe that it is still early to directly initiate a bull market; there is a high possibility that the market is being manipulated to create a false impression for harvesting. I lean more towards shorting at highs after a significant resistance level, which offers better cost-effectiveness.
I would like to emphasize that trading funds should not be operated in one go; it is better to give yourself some room for error. It is advisable to adopt a strategy of entering three positions and exiting one, which has been described in detail in previous articles, so I won't elaborate further here.
The ultimate goal of trading is profit, and the process involves how to trade. The individuals who ultimately achieve results are those who strictly adhere to their trading system, which is the essence of the trading market!