Current market conditions: After starting a slight rebound from 83,500 since yesterday, the market has continued to move with small bullish candles in the morning, fluctuating and climbing steadily, adjusting up to around 84,600. It then began to face short-term pressure, slipping into a continuous bearish decline to around the 84,000 level.
Even though there has been a deeper pullback, the overall upward trend has not been broken. This wave appears to be driven by a combination of fundamental interest-rate-hike news, causing an accelerated selloff during the pullback and recovery. After that digestion is completed, things should stabilize. At present, the broader-cycle bullish structure is still in place—especially with the recent key top-to-bottom transition support level at 83,000. Therefore, for the next stage, we remain bullish. The pullback is only a phase of short-term upward correction and does not affect the overall pace.
Buy BTC around 84,000–83,500.
Target: 85,500–86,000.
Buy ETH in the same position.
Even though there has been a deeper pullback, the overall upward trend has not been broken. This wave appears to be driven by a combination of fundamental interest-rate-hike news, causing an accelerated selloff during the pullback and recovery. After that digestion is completed, things should stabilize. At present, the broader-cycle bullish structure is still in place—especially with the recent key top-to-bottom transition support level at 83,000. Therefore, for the next stage, we remain bullish. The pullback is only a phase of short-term upward correction and does not affect the overall pace.
Buy BTC around 84,000–83,500.
Target: 85,500–86,000.
Buy ETH in the same position.