$BTC Wednesday Evening Operation Strategy for 5-14

The 4-hour chart of Bitcoin has held above the previous low and is further rising to explore higher levels. The middle band of the Bollinger Bands has formed short-term support. The previous bottom rebound is considered as the first wave of rebound. Currently, relying on the 100,000 level as the low point of the second wave of rebound is in extension, although the pace is relatively slow. There has been a long period of consolidation and correction. In terms of operations, rely on the middle band as a defensive point and first look for a fluctuating rebound. If it breaks down, then adjust the strategy. Of course, during the rebound process, shorting can also be combined with resistance. In a fluctuating market, both long and short have opportunities; the key lies in the entry points.

For Bitcoin operations, it is recommended to look for long positions in the 102800-102300 range, with the target set in the 104000-104500 range, and defense according to personal position.