The recent trend of Bitcoin has been a very positive cycle, without breaking out into a large-scale one-sided movement. After a pullback to around 86800 this week, it has been slowly rising. Over the past few days, Jiang Wei has been actively buying around the bottom. The atmosphere is electrifying. This marks an exciting moment for 2025.

Currently, the technical structure shows a contracting state on the daily chart, with the amplitude of ups and downs starting to narrow. There is strong support at 85000 below and strong resistance at 93000 above. Although there is an 8000-point space in between, it is relatively insignificant compared to before. The price is still testing the mid-line resistance; if it breaks through, the bullish trend will continue. I believe this breakout is just a matter of time.

I personally lean towards a bullish outlook. If there is a pullback to around 88000-87500 during the day, I will continue to look for bullish opportunities, targeting the 90000 level, and if it stabilizes, aiming for the 93000 level.

Follow the public account, "How to Relieve Worries," only Jiang Wei can help. A treasure analysis blogger with high emotional value, sharing trading education for free, bringing stability and clear guidance in the restless trading market, navigating through three cycles of bull and bear markets and years of practical trading experience. Proficient in naked K, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analyses, gathering into unique personal insights.

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