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

Currently, Bitcoin is close to 96K-97K, and the overall trend is still bullish, but there is pressure for adjustment in the short term. I think the trend of Bitcoin may continue to rise after a short correction next week, but we need to pay attention to several key factors:1. Bullish reasons (the logic that Bitcoin may continue to rise)1. The market is still in a bull market structure• Bitcoin's upward trend since 2024 has not been broken, and it still has the potential to continue to hit 100K in the long run.• The correction may be a normal correction in the market and will not change the overall upward trend.2. Strong inflow of funds into spot Bitcoin ETF• Institutional funds are still flowing in, especially the newly approved spot ETFs, which has pushed Bitcoin prices to remain strong.• The incremental funds brought by ETFs are changing the market structure of Bitcoin, making Bitcoin a mainstream investment asset.3. The expectation of halving is still strong• After the Bitcoin halving in 2024, the effect of supply reduction may continue to ferment in 2025.• Historical data shows that Bitcoin has the potential to rise sharply 12-18 months after each halving.2. Bearish reasons (risk of short-term adjustment)1. Short-term gains are too large, and there is a need for adjustment• Bitcoin has accumulated a large increase from the end of 2023 to the beginning of 2025, and the market needs a short-term adjustment to clean up floating chips.• If it fails to break through 98K-100K, it may pull back to 92K-95K in the short term.2. Market sentiment cools down, and some funds take profits• Market sentiment has been overheated in the past few weeks. Once market sentiment falls, short-term traders may choose to cash out.• If there is a pullback, the support area of ​​90K-92K may be tested.3. Macroeconomic and Fed policy impact• If the Fed postpones the rate cut or releases more hawkish signals, the market may be under pressure in the short term, leading to Bitcoin adjustments.• Pay attention to the US dollar index (DXY) and US Treasury yields. If they rise, they may put short-term pressure on Bitcoin.3. Trading strategy (how to deal with it?)Short-term traders (swing trading)• If Bitcoin pulls back to 92K-95K, consider going long in batches, with the stop loss set below 90K.• If it breaks through 98K-100K, you can increase your position with the target of 105K-110K.• If it falls below 90K, be cautious in the short term, and may test the lower support of 85K-88K.Medium- and long-term investors (trend trading)• Buy on dips. If Bitcoin falls to 90K-92K, it is a good long-term position.• Target price: 120K and above. It is expected that the Bitcoin bull market will still have further upward space in 2025.• Key support levels: 92K, 88K; key resistance levels: 100K, 110K.4. Conclusion: The bull market remains unchanged, but there is a need for short-term adjustments1. The long-term trend is still bullish, with a target of more than 100K.2. There is a technical correction in the short term, and attention should be paid to the support of 92K-95K.3. Short-term traders should be cautious in chasing highs and wait for a correction before entering the market.Summary: Short-term adjustments will not change the long-term bull market, and layout on dips is still the main theme.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