The large level hasn't finished rising; you can enter long on the pullback!

Hello brothers, a new day and a new week. Everyone should have seen the layout from the past two weeks; our consecutive wins have reached 19 wins. The weekend was quiet with no significant movements, and we also took a few days off. This morning, Bitcoin quickly retraced to a low of 92700, and Hongshen also notified fans to enter long positions immediately. Currently, we are holding long positions.

From the daily level perspective, the Bitcoin price is still steadily running above the mid-line, which remains significant as a dividing line between long and short. Above this position, the overall market shows a stronger trend, but it is worth noting that the current upward space has started to converge, and the market trend is gradually showing characteristics of oscillating cycles.

Switching to the 4-hour level, the price is under pressure at the upper Bollinger Band, forming a slight consecutive downward trend. The Bollinger Bands are beginning to contract, indicating that the short-term volatility range is narrowing. Currently, the price has fallen near the lower band, and the speed of decline has slowed down, showing that support below is starting to appear. Although the daily level still shows an advantage for bulls, the adjustment demand at the 4-hour level should not be ignored. For the future market, I still see potential for a rebound in Bitcoin long positions.

Operation Suggestions

Long near 93500 Target 94500

Breakout at 95000