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Wednesday Morning Pancake Trend Analysis

In recent trading days, we have consistently provided a bullish outlook. The Bitcoin market has been rising steadily, and in the early morning, the price broke through the 90,000 mark. We continue to suggest a bullish stance targeting the 93,000-95,000 area. Overnight, the price reached a high of around 94,100, and the trend aligns with expectations!

Currently, the daily chart shows another strong bullish candle, indicating a clear short-term bullish trend. At the same time, the weekly chart is showing resistance at the middle track, and although there was a pullback after the surge, the intensity remains low. The daily K-line is positioned above the EMA trend indicator, indicating a straight upward stretch, with bullish extensions. The EMA is also contracting upward, with MACD continuously increasing in volume, and DIF and DEA crossing the zero line upward. The K-line has surged through the upper track, with bullish momentum continuing to strengthen. In the short-term 4-hour chart, the K-line has been consistently rising through strong bullish momentum, breaking through various resistance levels. Although there has been a pullback for adjustment, the bullish sentiment remains, and there is still room for upward movement! Therefore, the short-term outlook remains bullish!

On Wednesday morning, aggressive traders should buy directly at around 93,000. If the price pulls back and does not break the 92,000 support, increase the position and continue to look towards the 94,500-95,000 area!