1.7 Thought Analysis:

The daily K-line arc bottom pattern has initially appeared, and the five consecutive days of bullish momentum have indeed boosted the bulls' morale. But don’t forget—how the previous rally was driven and how it was crushed by a series of bearish candles at midnight. The bulls and bears are engaging in repeated battles, which is a typical shakeout pattern with no mercy.

In the morning, the rebound reached around 93,500, a zone that has been tested multiple times and is a strong resistance band. Several attempts to break through have failed, indicating heavy selling pressure above. The technical indicators are also not optimistic: MA7 and MA30 form a death cross downward, and the short-term trend remains under pressure; during the rebound, trading volume has continued to dwindle, with prices rising but volume not following suit, showing a clear divergence between price and volume; currently, the market is in a high zone, with floating profits accumulating, and any slight movement could trigger profit-taking and a sharp decline.

The current rebound seems more like creating a better entry point for bears rather than signaling the start of a new major upward wave. Before new funds enter the market, it’s more important to stay cautious rather than blindly follow the trend in emotional trading.

Bitcoin: around 93,000-93,600, with a downside target of 92,000-91,000.
Altcoin: around 3,270-3,310, with a downside target of 3,200-3,100. #Gate2025年度报告 #比特币六连涨 #Meme币板块回暖