The bearish impact from Federal Reserve interest rate hikes has been fully priced in and digested, meaning the major macro uncertainty in the market is completely gone. Coupled with overseas regulators sending mildly dovish signals, market risk appetite continues to recover and more external funds are steadily entering the crypto space. The previous phase of washout and bottom building at low levels is now completely over. The bullish trend has fully opened up, and the market is experiencing a relentless short squeeze with surging prices.
Since the reversal from the bottom in this cycle, bullish momentum has been sustained, continuously breaking previous highs and squeezing out high-level short positions. The market is now clearly dominated by buy-on-dip strategies, where each pullback acts as a period of consolidation for stronger rallies. Today, BTC saw another explosive rally, reaching new all-time highs, with bullish energy being unleashed in full force. After the surge, a normal technical pullback occurred, which is a healthy correction after a large rise and definitely not a weakening of the trend!
Today, BTC saw a strong full-bodied bullish candle and kept setting new highs, peaking at the 87,300 level. After surging, it experienced a technical pullback of nearly 2,000 points, and the current price is consolidating around 85,400.
Looking back at the whole trading rhythm, the bullish trend in this cycle has been perfectly caught: on rate hike night, we went long near the extreme lows at 75,000 and 76,000 and captured solid gains; over the weekend, a pullback to 80,500 offered another long entry, with targets at new highs; and yesterday, we publicly emphasized not to blindly short at the 85,000 high, avoiding high-level short-trap risks in advance and perfectly helping everyone secure strong bullish swing profits!
On the daily chart, a strong full-bodied bullish candle closed, with the price firmly above the upper Bollinger Band—an extremely strong bullish structure. Although the KDJ and RSI show slight turns at high levels, the MACD golden cross continues upward, and bullish volume remains elevated. The large timeframe uptrend remains intact with no signs of topping or a bearish reversal.
On the 4-hour chart, price has slightly pulled back below the upper Bollinger Band, with KDJ and RSI rolling down from high levels and MACD bullish volume slightly decreasing; in the short term there is a need for pullback and consolidation.
On the hourly chart, price is oscillating around the midline of the Bollinger Bands, with indicators also showing weak consolidation. There could be a little more room for short-term downside. However, after a nearly 2,000-point drop in this round, bearish momentum has been thoroughly released and the market is likely to consolidate sideways rather than fall further—chasing shorts here is inadvisable!
The major trend remains clearly bullish, but the recent rise was too steep and the indicators need time to recover. There is no need to be overly aggressive; instead, patiently wait for support at lower levels to enter new longs in line with the trend.
The current overall market structure is very clear: strong bullish momentum continues in the larger timeframe, while short-term technical pullbacks act as consolidation.
The price action has remained unambiguously in an uptrend, and all pullbacks are simply pauses for further upward moves, not a reversal. High-level consolidation and mild pullbacks are laying the groundwork for the next round of new highs—this is not the time to call a top, short into strength, or go against the trend.
The main rhythm for the day is to buy on pullbacks during consolidation. There’s no need to rush trades; wait patiently for support at lower levels before entering, and if high-quality entries don’t appear, simply observe and stay in sync with the prevailing trend.
Intraday precise action plan
BTC
Key support below: 84,500, 82,600 (layered buy orders on pullbacks)
Key resistance above: 85,800, 87,000, 88,500
ETH
Key support below: 2,680, 2,620 (buy on pullback and stabilization)
Key resistance above: 2,760, 2,850, 3,000
The biggest winners in trading are always those who go with the trend and hold firm! This round of bullish action has been clear throughout, catching long positions from every major low. Every pullback has been an entry opportunity; every rally has locked in gains. The high-level bullish structure remains, upside room has thoroughly opened up, and short-term pullbacks are only technical corrections—no need to panic or turn bearish.
Stay calm and follow the trend. Don't chase prices, don't try to pick tops, and don't go against the prevailing move. Use the key support levels to plan long entries in line with the trend. Hold patiently and wait for the next breakout rally to fully capture the main profits of this bull run. Stay with the trend and keep racking up gains!
