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On Thursday morning, Trump's sudden suspension of tariffs caught most people off guard. Previously, there were hopes for an emergency interest rate cut to ease the market's downward trend, but it seems that is no longer necessary. After experiencing Black Monday and recent rounds of declines, the positive news of the tariff suspension broke the deadlock, causing the market to revive and soar all the way up to the 83,000 range.
We are currently in the short squeeze phase, rising quickly; no pullback; large amplitude. If you don't dare to go long, or wait for a significant pullback, there is basically no opportunity. When you finally dare to go long, there is usually no chance for a rise, that's just how it is. Additionally, for those holding short positions, this is the darkest moment, but this scenario has finally brought the market a chance to breathe. Friends who are trapped in their positions shouldn't be too anxious; after all, we are still in the negotiation phase. As always, everything is possible, and the outcome is not yet determined.
In terms of the current trend, there is a significant bullish effect in the structure, and the pullback is not strong. Additionally, the market has a certain positive sentiment, early 8 formation! I don't need to say much! You all know what to do! Since the direction has already emerged, the focus now is to move around the increase. Short-term support at 81000, 80000, with resistance above at 83500. After breaking through, we can look at 85000, and then let's talk about the pullback going up first!
Therefore, for short-term operations, it is recommended to directly pump Bitcoin when it retraces to the 81800-82300 range, with the target looking at the 83500-85000 area, and if it breaks, continue to look for extension!
The situation is very large, the winning streak continues, I can't determine the long or short positions myself, but I recognize the mindset and walk alongside! Let's create brilliance again!