5.3 Early Morning Bitcoin Market Analysis
The daily price level continues to rise, with a strong rebound in the past two days. Both the hourly and daily MACD are positive and gaining momentum, confirming a short- to mid-term bullish trend. The current price is 973, with K-line oscillating upward, continually elevating highs and lows. The four-hour buying pressure is strong, MACD shows sufficient upward momentum, and EMA is in a bullish arrangement.
Trading Recommendation: Wait for Bitcoin to pull back to the 963-968 range to establish long positions, targeting 975-990.
