The strong surge of Bitcoin has once again broken new highs, welcoming a new historical moment.
I believe there will be further breakthroughs. The reason we haven't been bullish is due to certain factors. Additionally, every wave of the market has room for pullbacks. As I have mentioned countless times before, there is no right or wrong in the market; whether it goes up or down, we just need to figure out how to obtain what we need in the current trend. After all, not everyone can profit; the 80/20 rule of the market remains unchanged, and only a few can make money. I don't know how many people will see what I write; maybe just a few minutes, or perhaps dozens of minutes. I just hope to help some people in need. That said, those who understand will understand. It doesn't matter if you don't, as it is impossible for Jiang Wei to cater to everyone.
As for the technical structure, as everyone can see, the price has rebounded significantly this morning, breaking new highs and reaching unprecedented heights. It may be due to Trump's remarks buying BTC. From the indicators, we see a previous dip with a lower shadow, followed by a price rebound. Today, we see an upper shadow as the price tests higher. The bears have also come down as expected. The key focus now is on the previous high point converting to a support level at 104056. If this wave of highs pulls back and breaks this level, the price will continue to decline, maintaining a fluctuating pattern. If it doesn't break, Jiang will continue to support the rebound. However, at this level, it is still recommended to short first and then go long. There is a saying: "No continuation after a morning surge."
So now we continue to reference the 105200-105500 area to short in batches. If we break below 104100, we look at the 102000 level. The points are for reference only.
Follow the public account. Jiang Wei bids farewell to blind trading.
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