Since the data temporarily validates the price increase of #Bitcoin, where to look when returning to the market? The price still shows strong momentum after breaking through 74,200,
Since the data temporarily validates the price increase of #Bitcoin, where should we look back on the market? After the price broke through 74,200, it still maintained strong momentum. Continuing yesterday's ETF and net capital inflow again broke a three-month high, so the upward potential needs to keep opening. 74,200 is the first resistance of the Fibonacci rebound from the bottom range; a rebound to this point is a weak rebound. Around 84,000 is a completion of a regular rebound, and around 92,000 is a strong rebound. Referring to this logic, combined with the current sufficient data momentum, the next key point is to watch the situation around 84,000, especially focusing on whether this rebound can break through the previous daily high near 82,600. Whether it can break a new high indicates different subsequent judgment logic: a) If the rebound breaks a new high, reaching 84,000 to complete a regular rebound, BTC has effectively completed bottoming out, moving out of the weak zone. The probability of a subsequent drop back to 58,000–60,000 is small, and the bottom range bottoming is likely completed. After the next correction, it will be the opportunity to start a new trend. b) If the rebound does not break a new high and stops in the 80,000–82,000 range, caution is needed for whether the next correction will break a new low. Referring to the previous daily trend, it is necessary to carefully verify whether a new low is broken and whether the bottom range bottoming is completed. Whether a new trend starts later depends on whether effective bottoming is achieved. #BTC加速拉升,资金还能继续接力吗? Honestly, from a macro perspective and the risk market perspective represented by the US stock market, $B
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