Let's take a look at yesterday's Bitcoin trend; it was very strong! A lower wick, followed by a green body K line that directly formed an engulfing structure. This is a typical bottom reversal pattern, a clear market reversal signal.

However, some big influencers only come up with reasons after a significant drop, claiming it was CZ or Will Strategy protecting the market. This is completely hindsight nonsense. They did not predict before the drop and only force connections when the market rebounds. Such big influencers are simply unworthy of the title and certainly do not deserve to charge fees.

The market inherently has a demand for corrections, which is already very obvious on the K line. After Trump signed the relevant cryptocurrency legislation, the market failed to see the expected surge, indicating insufficient momentum for the market. Insufficient momentum means a big needle is necessary to clean up leveraged positions, making the market lighter; the logic is very clear.

The Trump family's 'drama' layout

Yesterday's market changes once again proved that the Trump family is already speculating in cryptocurrencies. They hold WLFI and have a clear layout in policies. The whole process can be broken down as follows:

First let the wind out: announce a tariff increase, creating market panic.

Market reaction: Coin prices are correcting, creating lower buying opportunities.

Negotiation reached: Tariffs suspended for 30 days, market sharply rebounded in a short time.

Current market situation: Most people missed the opportunity to buy at low prices, positions were cleaned out, but prices have returned to square one.

All of this was actually premeditated; the entire logic is very clear. The Trump family and the Musk family are both manipulating the market through policy, using market panic to create bottom-buying opportunities for themselves. Their goal is long-term bullishness, even bringing Bitcoin's market value close to that of gold, allowing the entire family and American wealth groups to profit from it.

Technical analysis: Bitcoin's short-term trend

Currently, Bitcoin is on the edge of a correction; if today's closing price is lower than the opening price of the previous day's bearish bar (around $100,600), a round of correction may occur.

Key support level for correction:

First support: $99,800 (hourly K line gap)

Extreme support: $96,500 (bull-bear boundary)

Trading strategy:

Long opportunities: If the price pulls back to $99,800 or $96,500, gradually position long.

Abandon shorting: Although there are short-term shorting opportunities, the space is limited and not worth the gamble.

Subsequent target:

First target: $102,800 (previous high)

Monthly target: $108,000

Bitcoin may oscillate in the $102,000-$103,000 range next, giving altcoins time to repair their structures, and then rise again.

Trends of altcoins and Ethereum

Recently, Ethereum's trend has shown a rounded bottom structure, with each touch of key support leading to a rapid rebound. Currently, it seems that ETH will soon reclaim $3,100.

Exchange data:

The exchange balances of Bitcoin and Ethereum have significantly flowed out, indicating that the market is continuously buying.

BN net outflow of 130,000 ETH, OKX net outflow of 60,000 ETH, showing that the main force still has a bullish outlook on Ethereum.

Key support level for Ethereum:

First support: $2,700 (short-term support)

Extreme support: $2,400 (lower probability)

ETH is unlikely to fall below $2,700 in the short term; holding positions and patiently waiting for the rise.

Summary

Yesterday's rebound again proved that the bull market has not ended; think independently and do not be swayed by the emotions of operators. As long as leverage is well controlled and not liquidated, the 25-year bull market will bring tremendous wealth opportunities! Patiently wait, firmly hold positions, and welcome the big market trend of the bull market! 🚀