Many friends must be wondering: Will the market only have a brief pullback, followed by a direct upward trend? Can we expect a super strong upward cycle?

First, technical trading is essentially about weighing probabilities. Any market trend has its possibilities, differing only by the size of those probabilities. The rapid reversal and strengthening that everyone anticipates, I have also considered, but this belongs to a lower probability trend.

Although low probability trends can also have realization opportunities, in practice, it's best to follow the direction of high probability layouts while preparing response plans in advance. If an unexpected trend does occur, knowing how to adjust your response is sufficient; don't let uncertain low probability trends disrupt your original trading rhythm.

Such rapid stops and sharp increases have occurred in history; the most typical example is the market trend in March 2020. The root cause of that market anomaly was the sudden black swan event. In other words, if such niche trends happen again in the future, they are often accompanied by sudden negative events, which will instead provide excellent low entry opportunities to seize a new round of strong upward cycles.

‘’If the 79000 level can hold for multiple consecutive 4-hour periods and not effectively break down, the market will likely start to rebound, followed by a 3-4 week range consolidation at higher levels. For those not holding long positions, considering taking profits at the current 79000 support level is advisable; patiently wait for confirmation of a support break before re-entering short positions. This gradual approach to entering and exiting is safer and can perfectly avoid the risk of missing out‘’.

This was the original statement from yesterday's analysis, and now the market performance has fully corroborated it: The daytime prices stabilized and consolidated based on the strong support at 79000, and at night, the market rebounded strongly to around 82000. The market trend aligns with the predictions, demonstrating professional strength clearly.

The daily chart is very clear; yesterday Bitcoin's pullback accurately touched the 30-day moving average, followed by stabilization and rebound. Currently, the bullish momentum is still present. However, the upper side is approaching previous high-pressure levels, and the recent market has tested the 83000 level multiple times without effectively breaking through, showing significant pressure signs. Therefore, as prices approach the 83000 area, do not blindly pursue long positions, and be sure to remain alert for potential price resistance and corrections.

Public Account: Big Bull Speaks on Market Trends

Disclaimer: Personal review records, for exchange reference only, not an investment recommendation. Entering the market involves risks; profit and loss are self-responsibility.

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