#本周高光时刻 $BTC 5 Month 110 Saturday, Bitcoin Evening Trading Strategy!

From the 4-hour chart observation, Bitcoin has been hovering near the upper Bollinger Band, continuously under pressure and showing a fluctuating trend. Despite multiple attempts by the bulls to push higher, there has been no effective breakthrough of the previous high. Currently, Bitcoin is in a range-bound fluctuation pattern in the short term. Considering the daily closing prices, it is highly likely that the price will continue to fluctuate back and forth within the range of 104500 - 102400 in the short term. However, from an overall structural perspective, the bullish force is in a state of accumulation. It’s just that during this process, the price will repeatedly show a trend of dipping and then rising, which raises higher demands for choosing entry points when trading. At present, the Bitcoin price is still fluctuating near the upper band, and no clear breakout direction has formed.

The Bitcoin short position held previously on the 9th has been locked in to control risk due to the surge in coin price, so no new position has been added.

Focus on the key support levels for Bitcoin at 102500, 101500, and 100500. When the price retraces to near these support levels, consider setting up long positions. The target prices are set at 103500, 104500, and 105500 respectively. When the price rises to these levels, one can choose to take profits based on the actual situation.

If Bitcoin's price does not experience a pullback, but instead rises directly, then one needs to wait for the price to successfully break through the two key resistance levels of 103500 and 104000 before cautiously attempting to chase the long position. However, it must be clear that chasing long trades carries higher risks, and proper risk control must be in place. Tonight's trading strategy is primarily to go long on pullbacks.