Yesterday's BTC operation made me laugh—after being pushed up for a while, it just immediately backed off as soon as it hit the resistance level and turned back towards the support zone, looking just like a 'good baby afraid to break the rules.' This trend is almost identical to the previous script, and the old fans should understand this 'familiar' helplessness by now!
As a veteran of the cryptocurrency world for five years, I have to say: this market looks lively, but it hasn't stepped out of the familiar rhythm. The resistance encountered yesterday was not unexpected, and the reaction in the support zone was also within expectations. The core reason is simple—the market structure has not been broken at all. We are now in a typical stage of 'unclear direction and going in circles.' Those eager to jump in and bottom-fish or chase highs are simply sending themselves to the slaughter.
Let's get straight to the point, remember these two key positions: don't wait until the market moves to panic: focus on the support level around 90,000; the price stabilized quickly after a pullback yesterday, indicating that there's still some buying power here, so in the short term, it's our 'safety cushion'; the resistance level is more complex, not a single price point, but the range of 93,500 to 95,000. Previous attempts to push higher have faltered around here, which shows how stubborn the selling pressure is, equivalent to the market's 'line of life and death.'
Let's talk about my core viewpoint without beating around the bush: before breaking this range, we can just act like 'onlookers' and maintain a neutral attitude, which is definitely the right approach. Don't listen to those influencers who mislead by saying 'it's going to skyrocket soon' or 'it's definitely going to crash'; before the market gives a clear signal, any speculation is just self-indulgence. I've seen too many newcomers stumble at this step, either chasing highs and getting stuck at resistance levels or cutting losses at support levels. In short, it boils down to not being able to resist the urge to act.
The macro perspective also needs a mention, as it's an 'invisible hand' affecting the market. Recently, the expectation of interest rate hikes by the Bank of Japan has been growing stronger, which has started to shake market sentiment. The volatility is likely to rise, and we may see more 'up and down' movements in the future, so everyone needs to prepare mentally in advance and not be frightened by short-term fluctuations.
Finally, here's the key point for everyone, which is also my own operational plan, for reference only: if we can steadily break through 95,000 and have enough volume support, then the momentum will likely turn bullish, and it won't be too late to consider joining in—no need to rush; but if we break below the support level of 90,000, we need to be cautious, as a deeper correction is highly likely. At that time, the best approach is to 'watch more and act less'; preserving capital is more important than anything else.
To be honest, the current crypto market is a 'game for the patient.' Whoever can keep their composure will laugh last. I monitor the market's slightest movements every day, and I will share any key signals with everyone as soon as they arise. If you find my analysis practical and straightforward, follow me@链上标哥 , so you don't get lost!
