Let me put it simply—my understanding of this market move!
1：When you switch to a larger timeframe, you’ll find that the drop in the past two days for BTC is at most a pullback after a breakout above 82,500.
2：If you understand chart formations, you’ll know why I say that as long as it doesn’t break below 79,500, I’m still bullish.
3：Subjectively, I think this correction hasn’t finished yet, and it most likely still needs to go once toward the 80,000 area. But objectively, it’s also possible it first tries to break through 87,000—fails—then pulls back to test around 80,000!
4：For the long term, I still expect price to first move into the 95,000–97,000 range, and then enter the real correction phase to confirm the final leg of this bull market.
Trade logic first—only trade within what you understand. Don’t trade without logic. Don’t trade the hype. Don’t trade based on emotions. And don’t trade if you don’t know why you’re placing the order!
1：When you switch to a larger timeframe, you’ll find that the drop in the past two days for BTC is at most a pullback after a breakout above 82,500.
2：If you understand chart formations, you’ll know why I say that as long as it doesn’t break below 79,500, I’m still bullish.
3：Subjectively, I think this correction hasn’t finished yet, and it most likely still needs to go once toward the 80,000 area. But objectively, it’s also possible it first tries to break through 87,000—fails—then pulls back to test around 80,000!
4：For the long term, I still expect price to first move into the 95,000–97,000 range, and then enter the real correction phase to confirm the final leg of this bull market.
Trade logic first—only trade within what you understand. Don’t trade without logic. Don’t trade the hype. Don’t trade based on emotions. And don’t trade if you don’t know why you’re placing the order!
