Continue tracking the next market trend for $BTC
The real bull-bear dividing line for BTC is still around the previous weekly-level rebound high at 82,500–83,000. Only if it breaks through here with increased volume and holds above it will the overall market officially shift from a bearish trend to a bullish one.
Last night, BTC rebounded to around 82,000 but met resistance again. Smaller timeframes are already showing signs of stagnation. If today’s NFP data is bearish, the market correction may start earlier; if NFP is bullish, then tonight’s trading action will likely stay strong following the U.S. stock market’s breakout, pushing the rebound up to our weekly-level high-concentration order zone at 84,000–85,000, where we can look for short opportunities again.
So at this point, I don’t recommend chasing the price. The trades I shared earlier in the VIP community—going long in the 76,000–77,000 range with a rebound target around 82,000—have already reached the target zone. Next, we’ll let the market decide the direction. If the market pulls back in the short term, the key focus should be support around 79,000 and potential low-entry opportunities.
The real bull-bear dividing line for BTC is still around the previous weekly-level rebound high at 82,500–83,000. Only if it breaks through here with increased volume and holds above it will the overall market officially shift from a bearish trend to a bullish one.
Last night, BTC rebounded to around 82,000 but met resistance again. Smaller timeframes are already showing signs of stagnation. If today’s NFP data is bearish, the market correction may start earlier; if NFP is bullish, then tonight’s trading action will likely stay strong following the U.S. stock market’s breakout, pushing the rebound up to our weekly-level high-concentration order zone at 84,000–85,000, where we can look for short opportunities again.
So at this point, I don’t recommend chasing the price. The trades I shared earlier in the VIP community—going long in the 76,000–77,000 range with a rebound target around 82,000—have already reached the target zone. Next, we’ll let the market decide the direction. If the market pulls back in the short term, the key focus should be support around 79,000 and potential low-entry opportunities.
