Pullbacks are for a better subsequent rise, so this round of

Pullbacks are for a better subsequent rise, so this round of correction last night is absolutely nothing to worry about. Don't panic at every little change. This minor adjustment is nothing at all when the real bullish trend arrives. If you easily change your direction at the slightest market fluctuation and end up in a panic, it only shows you truly don't know how to judge trends. A7 still says: approaching the Lunar New Year, my main direction remains bullish. Any short-term pullbacks will only be used for brief short positions as transitions. This is based on long-term technical analysis. Furthermore, from a news perspective, both geopolitical developments and the potential Fed rate cuts are fundamentally supportive of cryptocurrency prices. Therefore, combining technical and news factors, the outlook for the near term still points to continued upward movement. Bullish investors, don't panic. Continue holding your long positions from earlier lows, stay patient, and keep a steady mind!
As usual, let's dive deeper into the technical indicators. On the daily chart, the price has been consolidating at a high level recently before a short-term decline, forming a long bearish candle, indicating heavy selling pressure above. On the hourly chart, the price has gradually declined from above 93,000, now in a consolidation phase following a short-term rebound. The hourly MACD histogram remains negative, with both DIF and DEA diverging downward, clearly showing a short-term bearish trend. The daily MACD is also weakening, possibly entering a correction phase. The hourly RSI is around 46, not yet in oversold territory, but generally weak; the daily RSI has dropped below 50, indicating weakening momentum. On the hourly chart, EMA7, EMA30, and EMA120 are in bearish alignment, with the current price facing resistance from EMA7. On the daily chart, EMA7 has turned downward, potentially testing EMA30 support further. For intraday trading, treat 91,000 as support. As long as this level is not broken, continue to look for bullish opportunities upward.