Rate cuts have arrived, but the price is not rising; instead, it’s falling, and the market is full of cries of despair. Yesterday, someone even shouted about breaking below 80,000, and panic is spreading.

Although there has indeed been a lack of major positive news recently, don’t forget that the Federal Reserve has started repurchasing government bonds and injecting liquidity. While it doesn’t change the overall trend, it can at least support a decent rebound, right? Currently, market liquidity inside the exchange is severely depleted, and the two rounds of sharp drops have washed out both institutions and retail investors almost completely.

There has been quite a bit of turbulence in the circle these days—some big influencers have directly announced their withdrawal, and others have been repeatedly swept up. Honestly, it’s quite lamentable; who wasn’t full of ambition back in the day? Now the market is so cold that live stream viewers are painfully sparse. Posting popular threads used to easily make the trending list, but now the live stream views are pitifully low, and I even suspect I’ve been limited in reach.

Surface-level calm, but undercurrents are surging. The US AI industry is developing rapidly and continuously boosting the US stock market, but with the Christmas holiday approaching, everyone who wants to take profits will do so promptly. You guys are also approaching the Spring Festival, so don’t blow all your profits and go home gnawing on steamed buns.

From a technical perspective:
On the daily chart, Bitcoin tested the trend line yesterday without breaking it; the MACD is showing a bullish crossover and rising, with increased volume indicating strong bullish defense, suggesting further upward movement is possible. It’s advisable to buy on dips; be cautious about shorting around 94,000, as a breakout could occur at any time.

On the 4-hour chart, it’s still within a range-bound consolidation. Trading strategy: buy on dips near 89,500, add positions at 88,500, with a stop loss at 87,500, aiming for around 94,000.

Looking at the 3-day chart, MACD is upward, and the candlestick patterns show funds entering to support the market, making dips suitable for longs. However, the larger trend remains downward; this is only a rebound, not a reversal. The key resistance level is around 98,000. When the rebound reaches that point, consider shorting.

K-line patterns hide the code; news often becomes a tool for harvesting profits. Technical analysis isn’t foolproof, but saying it’s completely useless? Then wouldn’t I be wasting my skills as a technical analyst?