Currently, the daily level of Bitcoin has confirmed a trend reversal, and the overall direction is definitely bullish. However, a doji was formed yesterday, indicating that some funds are fleeing to avoid risks. The MACD golden cross is still in place, increasing the likelihood of an upward surge, so the main tone is still to buy on the dip. Currently, the upper pressure is around 108,000, while strong support is around 95,700.
Looking at the 1-hour level, the Bollinger Bands have contracted, which means it's time to choose a direction again. If stability is desired over the next couple of days, doing nothing can also be fine; everyone is waiting for news on tariff negotiations. However, if it effectively breaks below 102,000, then it might be worth considering a short.
From the 3-day line perspective, Bitcoin previously surged to 105,000 and has retested the 92,000 level multiple times, so a pullback is definitely coming. Don't chase the highs now; it might suddenly drop one day. It’s more prudent to wait for a decent pullback before entering to go long. The MACD golden cross is pointing upwards, and the overall pattern is still a bullish continuation, so there is a high probability that it will continue to rise.
If you really can't understand the market, it's better not to trade; sometimes, doing nothing is the best strategy. The market is not lacking in opportunities, but in patience!
If you want to double your account, want to enjoy big gains, and want to successfully recover your losses,
Stay close to Fei Ge and position yourself in advance for the main bull market wave!
