Compared with yesterday, Bitcoin showed signs of a short-term top before breaking through again. After another push toward 87K, it did not continue to fall, but this still doesn’t change my bullish outlook. Yesterday I gave two entry opportunities in advance: one long position around 84,000, and another short at 83,660. Both were set to exit once they captured 600 points. Ethereum is the same.
At the moment, after an earlier strong surge, Bitcoin has entered a high-range consolidation and pullback phase. This is not a trend reversal. The current pullback can be understood as institutions washing the market, giving prepared traders a chance to board. Right now there is intense contention near the 84K level—holding the line is the golden opportunity; if it isn’t held, it’s still worth watching for entries in the 83K–83.5K range for shorts or longs (as applicable), and even around 86K–87K and above.
Also pay attention to tonight’s early-week unemployment benefits data.
At the moment, after an earlier strong surge, Bitcoin has entered a high-range consolidation and pullback phase. This is not a trend reversal. The current pullback can be understood as institutions washing the market, giving prepared traders a chance to board. Right now there is intense contention near the 84K level—holding the line is the golden opportunity; if it isn’t held, it’s still worth watching for entries in the 83K–83.5K range for shorts or longs (as applicable), and even around 86K–87K and above.
Also pay attention to tonight’s early-week unemployment benefits data.
