Depth Analysis | Market Violent Whipsaw, BTC New High Imminent?

Market sentiment is quietly shifting. After experiencing a "Depth correction," Bitcoin seems to have regained energy, with multiple technical signals suggesting that a historic breakthrough may not be far off!

Depth Pullback: The "Halftime" in a Bull Market

Recently, although Bitcoin has experienced fluctuations, analysts emphasize that this still falls within a normal retracement of the upward trend. In key demand areas, buying has quickly intervened and support is strong, indicating that the market foundation is solid.

This callback not only clears out the shaky leveraged positions but also provides a healthier starting point for the subsequent rise. Long-term holders without leverage can view it with indifference— the macro bullish trend has not changed.

Key Patterns: Wyckoff "Spring Effect" and Elliott Wave Resonance

Renowned analyst Christopher Inks pointed out that Bitcoin's recent trend conforms to the "bullish spring pattern" (Spring/SFP), which is typically a precursor to a strong market rally.

At the same time, from the perspective of Elliott Wave Theory (EWT), it has been found that the three-wave correction structure is complete, accompanied by the formation of a volatility peak, which aligns with the "platform consolidation"—this type of pattern often appears on the eve of a significant rise.

Pay attention to these signals to catch breakout opportunities:

The price forms a "higher low" amid shrinking trading volume.

Open Interest (OI) is declining in consolidation (implying short covering)

If there is a sharp decline in volume and an increase in OI, further fluctuations should be watched out for.

The overall trend remains bullish, supported by institutions and the macro backdrop.

Not only is the technical aspect strong, but the support from the fundamentals is also robust:

Institutional funds continue to position themselves (e.g., giants like BlackRock, Fidelity, etc. are still increasing their holdings)

Bitcoin ETF continues to see net inflows

The expectation of a shift to an accommodative monetary policy by the Federal Reserve is heating up.

——These factors jointly build a favorable foundation for Bitcoin in the medium to long term.

Operation Suggestions:

For long-term investors, every deep pullback is an opportunity to increase their positions.

Short-term traders should focus on whether there can be a volume breakout above the previous high. Once confirmed, a new round of market movement may quickly start.

A bull market doesn't believe in tears, but believes in logic and signals.

Current technological structures and market behaviors indicate that Bitcoin is in the initial stage of a new round of upward movement. A healthy correction is not the end, but rather a way to jump higher.

Are you ready? Feel free to leave a message to share your thoughts: Do you think Bitcoin will break through its previous high? $BTC #美联储降息预期升温