Analyst Jurrien Timmer’s cyclical support strategy: treat key integer thresholds as the bottom support that separates bull and bear markets. If the price holds above these levels, even when a new cyclical uptrend begins; if a pullback doesn’t break, the trend continues. Only if it breaks down do you shift to a defensive stance.
BTC is currently at 83,567, down 1.6% over the past 24 hours, and it’s still about 39% above the cyclical support level of 60,000. Under this framework, price is still in an up cycle. Compared with the current price, 60,000 is the cycle’s bottom line. If the medium-term pullback doesn’t break, keep trading with the trend; if the daily chart breaks below it, then the cycle structure is considered damaged.
#BTC
BTC is currently at 83,567, down 1.6% over the past 24 hours, and it’s still about 39% above the cyclical support level of 60,000. Under this framework, price is still in an up cycle. Compared with the current price, 60,000 is the cycle’s bottom line. If the medium-term pullback doesn’t break, keep trading with the trend; if the daily chart breaks below it, then the cycle structure is considered damaged.
#BTC