Market News: The recent pullback of Bitcoin is a healthy trend as expected, and it is recommended to observe over the weekend.
The current pullback of Bitcoin is completely in line with expectations; the retracement is not a bad thing, but rather pushes the market towards a healthier rhythm—if a bottom is to form a rebound or reversal, it needs to leave room for retail investors to enter the market.
Yesterday's 4H level indicators crossing down triggered a downward pullback, which is essentially a process of indicator repair. At midnight, the market accelerated below the 90,000 mark, reaching a low of around 85,500; this position still has strong support, and small-level signals of a stop-drop have appeared.
The market liquidity tends to weaken over the weekend, and it is advised to mainly observe. Focus on the support levels of 88,500 and 86,500 below, and watch for resistance levels of 92,500 and 94,500 above. $BTC
