Brief Pullback: A Good Opportunity to Buy at Low Levels!

On Wednesday, the overall trend of the market was relatively weak, but everyone should understand that this is a slow, gradual decline resembling a "boiling frog" adjustment, not a one-sided bearish trend. From the overall pattern structure, there is still no strong rebound or surge. Currently, both Bitcoin and altcoins lack a clear upward breakout. Based on wave pattern analysis, this pullback remains within a reasonable correction zone, with limited overall decline. Compared to the previous upward space, the adjustment is not very large. Therefore, today's trading strategy should focus on range-bound oscillation, avoiding chasing highs or panic selling in a one-sided manner. Continue with the previously emphasized approach: treat points according to oscillation rhythm.

At this critical turning point in the market, the key factor is tomorrow’s bill vote. The outcome of the 《CLARITY Act》 bill review on Thursday will directly determine the short-term overall trend of the market. If the bill passes smoothly through committee review, it will be seen as a major positive, and market sentiment will fully recover. The market could then rally past the 84,000 level or even higher. If the review faces obstacles or the vote is delayed, the short-term bullish momentum will be lost, and the market is likely to remain in a range-bound consolidation, further pulling back toward the 79,000 area for support.

From a technical perspective, on the weekly chart, after four consecutive bullish days, a brief pause was made with a doji bearish candle. Last week, a full-bodied bullish candle was again formed. The long-term trend remains strong. Since the market started its upward move this month, the daily chart has seen its first two-day decline. The space still falls within a normal correction zone. Today, prices moved higher and then closed lower, with the market oscillating downward at the close. Currently, a long upper shadow pattern is forming, indicating that short-term momentum is slowing down, and some correction is needed. Coupled with certain retracement indicators, the size of the daily candle body will determine the depth of the short-term correction.

Combined with last week’s medium-sized bullish candle on the weekly chart, the volume increase suggests that the upward momentum is slightly weakening. However, short-term gains or losses do not determine the overall wave strategy. Repeatedly testing highs and pulling back near the lower end of the range still presents a good opportunity for a wave rebound. We should consider entering positions in the 78,500–80,000 range in batches. The target for Bitcoin remains at 84,000, and for altcoins, around 2,470. Personally, I believe that Thursday and Friday should not pose major problems for the bulls. The rhythm should be to continue following the dips and rebounds! #Polymarket每日热点