5.5 Bitcoin Early Morning Market Analysis:

Currently, Bitcoin is still in an upward channel. According to the rules, a pullback is precisely a good opportunity to enter a long position. Based on the experience that prolonged rises must lead to declines, the subsequent market may likely turn downward. From a technical analysis perspective, the Bollinger Bands are opening upwards, and the price is close to the middle band, indicating a slight lack of upward momentum.

The KDJ indicator on both the four-hour and one-hour charts has turned downward, suggesting a high probability of a pullback in the short term. Therefore, the main strategy this morning is to buy on dips. The market's uncertainty is significant. Always set stop-losses and avoid holding positions against the trend. This is just personal advice and for reference only.

Trading Suggestions:

Buy Bitcoin in the range of 94300-94800, targeting around 96500-97800. A breakthrough may further indicate upward movement.

If you enjoy contracts, like to study market trends, and research techniques, click on my avatar. I have years of experience and skills in the crypto space and share them freely. I am here in the community, online anytime, and welcome to discuss and progress together.