Wow, $BTC just surged up to 87,000—why did it suddenly drop?
Shitcoins are even worse: they’re all pulling back together!
Has this market cycle actually ended, or is this another opportunity to get on board?
Since rebounding and basing around 75,000, BTC has been breaking through all the way:
75,000 → 76,000 → 80,500 → 85,000
It even spiked to around 87,300.
After pumping last night, it quickly fell back, dipping to around 83,500. Now it’s back around 84,500.
Many people’s first reaction:
Is this the top?
But if you look at the overall structure, this looks more like the normal consolidation after a rally.
After a short period of continuous gains, the market needs to absorb profit-taking, and it also needs to complete long/short position rotation.
What really matters isn’t a single pullback.
It’s whether the bullish structure has been broken.
Right now, BTC’s key support to watch is around 84,500, with strong support near the 82,600 region.
If it can hold steady after the pullback, that would indicate the uptrend is still intact.
$ETH: watch support around 2,680 and 2,620.
Going forward, if BTC regains and holds above 87,000, then we should keep an eye on resistance around 88,500.
So for now:
Don’t chase highs, and don’t panic just because of a one-day pullback.
During an uptrend, a pullback isn’t always the end of the行情.
Sometimes it’s just giving the next leg up a chance to rebuild momentum.
Shitcoins are even worse: they’re all pulling back together!
Has this market cycle actually ended, or is this another opportunity to get on board?
Since rebounding and basing around 75,000, BTC has been breaking through all the way:
75,000 → 76,000 → 80,500 → 85,000
It even spiked to around 87,300.
After pumping last night, it quickly fell back, dipping to around 83,500. Now it’s back around 84,500.
Many people’s first reaction:
Is this the top?
But if you look at the overall structure, this looks more like the normal consolidation after a rally.
After a short period of continuous gains, the market needs to absorb profit-taking, and it also needs to complete long/short position rotation.
What really matters isn’t a single pullback.
It’s whether the bullish structure has been broken.
Right now, BTC’s key support to watch is around 84,500, with strong support near the 82,600 region.
If it can hold steady after the pullback, that would indicate the uptrend is still intact.
$ETH: watch support around 2,680 and 2,620.
Going forward, if BTC regains and holds above 87,000, then we should keep an eye on resistance around 88,500.
So for now:
Don’t chase highs, and don’t panic just because of a one-day pullback.
During an uptrend, a pullback isn’t always the end of the行情.
Sometimes it’s just giving the next leg up a chance to rebuild momentum.
