Technical analysis by Profit_every_week about Symbol BTC: Buy recommendation (2/8/2025)

Pullback is normal, but the trend is still upwardBitcoin is currently consolidating at a high level, mainly affected by the following factors:• ETF fund flow: Although the inflow of funds from Bitcoin spot ETFs has a supporting role, it may not be able to continue to push prices up significantly in the short term.• Fed policy: The market is still observing the timing of the Fed's interest rate cut. If interest rates remain high for a long time, Bitcoin may be under pressure in the short term.• Institutional behavior: Some large funds have taken profits at high levels, and the market needs new buying to take over.My opinion is that short-term pullbacks are normal and should not be interpreted as a trend reversal. As long as Bitcoin can stabilize in the 90K-92K range, it still has the possibility of continuing to hit new highs.The bull market is not over yet, but the pace will slow downFrom a cyclical perspective, Bitcoin is still in a bull market, but the pace will not be as rapid as in 2020-2021. The reasons include:• Expected supply halving (April 2024): Historically, each time Bitcoin halved, it would experience a bull market, but the rising rhythm is usually first oscillating and then breaking out.• Institutionalization trend: After institutional investors enter, market volatility may decrease, but the trend is more persistent.• Global macroeconomics: If expectations of recession intensify, the market may turn to more conservative assets, which is unfavorable for Bitcoin in the short term.Trading advice: Buy on dips, don't chase up• Short-term: Wait for a pullback to around 90K-92K to buy, observe the support strength, if it stabilizes, you can short-term layout; if it falls below 90K, you can cover your position.• Medium-term: If it breaks through 100K and stabilizes, the trend will re-accelerate, and you can follow the trend.Summary of viewsThere is a risk of a pullback in the short term, but the bull market is not over yet. Bitcoin's trend may be more volatile, don't chase high, and wait for better buying opportunities.I want to know if you come to the market to make money or to gamble? If you want to make money, follow me. Do as I say, and your profit will double. Let your profit grow. As long as you stick to it, your stable profit will be at least 200% to 400% per week. Don't wait until your account balance is 0 to realize that there is something wrong with your trading method. If you lose money, I will compensate you for your losses! Believe me, our cooperation will win in the end! t.me/+k9acVOilVBM2MDI0