Is it starting to drop? Institutions quietly take profit on Bitcoin! Where is the target for this pullback?
1. On the Bitcoin level, the positives have essentially been realized. This round of market movement was driven by expectations of a U.S.-China meeting; once the visit to the U.S. is carried out, the good news is effectively “all used up,” and whales have already taken profit and exited the market. After the pullback, where can you buy the dip?
2. The key to watch is 83,000. The 82,000–83,000 range is the former W-bottom neckline; after a breakout, it will most likely pull back to confirm before moving higher again. Another support is at 80,000—consider placing long orders in batches. BTC has surged by 20,000 points this round, so be prepared for a potentially deeper pullback.
3. Ethereum: Strong support at 2,535, and a minor short-term support at 2,640. Whether for a short-term rebound or a long-term position, you can focus on these levels.