The obvious double bottom pattern of Bitcoin, with a strong defense at the 96000 line, the candlestick is difficult to break through, and it exists like an impenetrable fortress. Relying on moving averages, we continue to look at the 98000 line!
Trading is like this; when the direction is right, the rest is patience. You can't rush to eat hot tofu; the market needs to build momentum and won't take off directly!
In terms of the four-hour structure, the bottom signal is clear, and the moving averages show signs of turning upwards. At least the downward movement has hit the pause button, with a strong bullish candlestick. At the same time, the candlestick has consistently remained above 96000, which is the bottom line for bulls, continuing to look at the middle of 98000!
Friday's Bitcoin evening suggestion:
Buy on the pullback at 96500-96000, targeting the upper range of 97500-98000!