#BTC $BTC
After losing the historical position of 86500, the shift in news has given the bulls a chance to breathe. The upcoming time should revolve around the news from the Federal Reserve and ETFs, with short-term fluctuations presenting certain opportunities around 89500, but for the long term, confirmation of patterns around 925 and 975 is necessary to be considered on the right side. The overall market still leans bearish, and there are no particular favorable factors at the actual funding level, tending more towards building positions at lower levels.
2980 is crucial for both sides; the longer the adjustment period, the more chips the victorious side will gain. Currently, E itself does not have favorable news; it’s more about a natural rebound after being oversold. The pattern tested between 2750-2650 does not indicate much strength, with step-by-step tests after a gradual convergence. To achieve a breakthrough here requires a strong upward line and subsequent sustained support, while also being the best position for a single mistake.
After a week of discussing life, philosophy, and the world, S has finally reached the time for verifying efficacy, testing the pressure level of the hibernation zone once again; whether it can succeed depends on this attempt. If the test of the hibernation zone fails, then the range of 140-120 is the bears' sweet spot, allowing for partial take profits during the decline. If the bulls win, attention should be paid to the pressure level in the fueling zone.
