Yesterday's market,
Still in shock, heart-stopping, full of twists and turns.
Some say the bull market is over,
Others say after a pullback, it will continue to new highs, going all in.
I only dare to quietly peek in, without a word, without a sound.
Indeed, in this current situation,
No matter what you say, it all makes sense; you can view it however you like, but the final decision still comes from placing orders, voting with your feet.
I called for buying near the previous high, and I acted on it myself, entering SOL.
I personally believe that as long as we do not effectively break below the previous high of 112000, the bull market is not over. After a pullback, continue to go long, buying the dip.
If it breaks below, we need to change our trading mindset and logic.
These past few days, the U.S. has been quite lively, with Trump and a bunch of European bigwigs in secret talks. Everyone is advising Trump not to get too close to international war criminals. Ukraine is being destroyed, which is a matter of mutual destruction; we must not let Putin succeed.
Ukraine is truly fighting hard, and Europe is providing resource and financial support; everyone is holding firm.
Currently, from the daily chart perspective, BTC had significant capital entering the market yesterday to support the price, rebounding generally to the body of the bearish candle; the bulls are still strong. A sharp drop usually does not result in an immediate V-shaped reversal; it will usually oscillate at the bottom to confirm. The MACD pattern shows that the bearish force is weakening. There is further demand for a rebound. However, the pressure at the neckline and trendline at 116500 is very strong, making it generally difficult to break through in one go. Currently, support is near 112000.
On the four-hour level, a rapid decline has occurred, with a pullback to 113600 for buying long, adding positions at 113000, and a stop-loss near 112300. The target is 116500.
On the weekly level, the MACD has a death cross; recent rebounds can still open shorts. The larger cycle has a need for a pullback. Strong support at 112000 is critical. If it holds, we will continue to rebound; if it doesn't hold, we will continue to test around 100000. Trade long at key positions, and always set strict stop-losses. However, from the volume of the pullback, there has not been a significant increase in selling; I personally see this wave of market is not over. After pulling back to the previous high, continue to go long and buy the dip.
Time waits for no one; fleeting moments are precious. The market changes in an instant, moment by moment. Currently, I am still bullish, but if we effectively break below 112000, one could say the bull market is over. At that time, I may become a die-hard bear.
BTC, hold steady, don't make me betray again; both bulls and bears see me as an outsider. Those who are not of my kind will surely be killed. $BTC