Fren, today I want to share a significant market observation.

First, let's talk about the news. The recent prediction of "$250,000 by 2027" has indeed stirred excitement, but there are also voices cautioning that the trend next year may be overly chaotic, and in the short term, it could even retrace to $50,000. What does this mean? Long-term faith must be firm, but short-term operations must be clear-headed. Without this balance, it's easy to be thrown off by the market's rhythm.

The market is currently in a state of confusion: the big cake swings back and forth between "deep in a bear market" and "constantly hitting new highs." Every day there are new voices, but those who can really make money are often not the loudest ones, but rather the ones with the most stable rhythm.

Look at the technicals. The 4-hour chart shows that the price is stuck at just over 88000, which is quite a delicate situation.

In terms of trends, the overall situation is still on the rise, but the trading volume is shrinking—it's like stepping on the gas, but there's not much fuel left in the tank, and the momentum is clearly weakening. The MACD has formed a golden cross below the zero axis moving upwards, which indeed releases a rebound signal, indicating that the bulls are gaining strength. However, the problem is that it has not yet stabilized above the zero axis, so for now, we can only say it is a rebound, far from a strong reversal.

Key positions must be seen clearly: the resistance at the top is 89000, and above that is the strong resistance ceiling at 91000. Below, 87000 is a key level—if this level cannot be held, the sentiment may change, and it might test the support at 85000.

So what should we do now? There are two situations:

If you have a position, don't be greedy. When the price approaches the range of 89000 to 90000, consider reducing your holdings by a portion to secure some profits.

If you are still in cash and want to enter the market, absolutely do not chase high around 89000! Be patient and wait for a pullback. Especially if it drops to around the key level of 87000 and holds, that would be the real opportunity to get in.