From the daily perspective, the Bitcoin price continues to operate at the upper band of the Bollinger Bands. Although there was a pullback earlier, it did not change the overall strong pattern, and it is still in an upward trend. The daily chart shows a continuous rebound with consecutive positive candles, successfully recovering lost ground, and it is visually evident that the lower lows are consistently rising, indicating a relatively strong short-term rebound. A single bullish candle has strongly surged to a high position, and from a short-term perspective, there is still potential for the upward trend to continue.
Currently, observing from the 4-hour chart, the rise in Bitcoin prices has led to the opening of the upper Bollinger Band, indicating an increase in market momentum. The area above the middle band remains a solid support zone, and Bitcoin has already broken through the upper band limit, further expanding the upward space. On the hourly chart, Bitcoin has completed a pullback to the middle band of the Bollinger Bands, demonstrating the effectiveness of the support at the middle band. With the continued push from bullish forces, the next market movement is very likely to initiate another upward surge, thus breaking through the previous high and achieving a new price peak.
In terms of operations, simply go long in the direction of the trend.
Morning trading thoughts: Buy directly at 96200-95700, with a target of 98500.