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We mentioned that the price pullback of Bitcoin has not ended, and it is very likely to trigger the $85,000 level, and at $85,000, we remind everyone to focus on buying or re-entering. However, after Bitcoin's price pulled back to $90,900, it formed a medium bullish candle yesterday and created a bullish engulfing pattern. This area also corresponds to the 236 line of the Fibonacci retracement, as well as the upper boundary of the previous dense trading area, with its lower boundary being the 382 line, which is the range of $85,000 to $87,000.

Of course, reaching $85,000 - $87,000 is what we expect. If it stabilizes after hitting the 236 line and consolidates without reaching $85,000 - $87,000, we must also accept that. Therefore, when Bitcoin is at this point, it is very likely to take a new path, and the adjustment of Bitcoin may end earlier. Even if it does not end, $85,000 is still a very good position. If it ends, we can also accept $90,900. So, under the condition that the trend does not change, if your position is below 50% or at 50%, you must choose the right time to push your position to the corresponding high level.

Next, Bitcoin may consolidate and oscillate below $100,000 before gaining strength to rise again. At the same time, we can also see that Bitcoin's market share is slowly starting to decline. During the decline, when it touches the 61% level, it is just about to test the important key support from before. Therefore, if Bitcoin's market share pulls back to 57.65%, it is very likely to stop falling and then welcome a new rise.

We remind everyone, if your position is low, take this opportunity to add to it. After Bitcoin touches the important support in its market share, there will inevitably be a strong rebound, which will drive the overall market upward, welcoming a new "bloodsucking" phase. When Bitcoin rises, altcoins may stagnate or decline; when Bitcoin falls, funds overflow into altcoins, leading to an explosion in altcoins. The final stage is when both Bitcoin and altcoins explode simultaneously. So now, if we look at the cycle, it belongs to the early stage of a bull market. If you haven't entered yet, seize the time to position yourself; if you hesitate, you may miss out on this wave of wealth.

Which cryptocurrencies are worth our attention and long-term focus? You can join our spot trading class. The main purpose of today's content analysis is to remind everyone that Bitcoin may end its adjustment trend early, consolidating above $91,800 and oscillating below $100,000. Bitcoin's market share has also reached a critical point, so those with insufficient positions should hurry to add to their positions or increase their holdings.

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