Here is a simplified analysis combined with the current market trends:
Market Review and Key Signals The cryptocurrency market today once again validated our forward judgment from the 18th, with Bitcoin soaring over 6000 points from its low, reaching a high of $87,467 (just a step away from the $88,000 mark), while Ethereum also surged to around $2,070. Although it faced resistance and retreated at the integer level in the short term, this rebound conveyed an important signal: the "ceiling" that previously suppressed prices has been strongly broken through, like a tightly closed door being cracked open. As long as it can establish a firm foothold, the upward space is likely to be fully opened.
Why do we say "the upper space is about to open"?
The logic of resistance turning into support Bitcoin has been repeatedly pressured around $85,000, which acts like a "psychological defense line." However, the price has now surged to $87,467 and is still holding above $85,000, indicating that the main funds are willing to challenge the bears' stronghold. Although it retreated after the first assault on $88,000, as long as the pullback does not break below the support (between $84,400-84,800 and $83,500), it is equivalent to "the ladder for the siege has not been removed," making the next attempt at $88,000 much easier.
The significance of breaking through the oscillation range Taking Bitcoin as an example, it oscillated repeatedly between $80,000 and $85,000 for half a month, forming a "price box." Today's breakout is equivalent to jumping out of the top of the box. If it confirms the box top ($84,000-$85,000) without breaking, technical traders will recognize the trend as strengthening, leading to more buying pressure.
Operational Suggestions: Where does the confidence for buying on dips come from?
Bitcoin: In the short term, focus on $84,400-$84,800 (dense trading area) and $83,500 (trend lifeline). You can accumulate positions in batches during pullbacks. Ethereum: $1,995 is the short-term dividing line for strength and weakness, while $1,940-$1,960 is the top of the previous box range. Ethereum has performed weaker than Bitcoin in this bull market, but if it can hold above $2,000, it has greater potential for a rebound.
Referable Strategies:
Build positions in batches: Buy a portion in the support area (e.g., BTC $84,400, ETH $1,995) first, and if it continues to drop to the second support (BTC $83,500, ETH $1,940), add more to your position to avoid a one-time bet.
Strict stop-loss: If it breaks below key support (e.g., BTC $83,000, ETH $1,900), decisively stop-loss to prevent false breakouts.
Target setting: If it breaks through $88,000/$2,100, the next target looks towards BTC $92,000, ETH $2,300.
Risk Warning Be cautious of false breakouts: If it breaks support with increased volume during a pullback, it may indicate a failed breakout, requiring timely strategy adjustments. Macroeconomic variables: This week’s speeches from Federal Reserve officials and U.S. GDP data may trigger short-term volatility, so avoid heavy bets on one side.
Summary: The market has switched from the "oscillation accumulation" phase to the "breakout testing" phase. As long as the key support is not broken during pullbacks, it presents a buying opportunity. Ordinary investors only need to remember two things: maintain support levels and follow the major trend.
(Note: 📣 Due to the limited timeliness and depth of information on public platforms, the market is ever-changing. Key turning points, precise operational strategies, and sudden risk warnings need to be synchronized in the internal community in real-time. Here, you can obtain: real-time strategy updates, in-depth analysis support, interactive Q&A, and risk warnings and optimization suggestions tailored to personal holdings. 🚨 Remember: the market always rewards those who act faster and have more accurate information! Follow the public account---Bitcoin Big Bear, to be a winner among the minority.)
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