Thursday Night Operation Strategy for Weeks 5-15
From the technical pattern of the 4-hour chart, the current price is testing the support level of the lower Bollinger Band. During the process of touching the lower band, there hasn't been a significant volume-driven breakdown, indicating strong buying support at this position in the market. The effectiveness of the support at the lower Bollinger Band has been preliminarily validated. Observing the short-term trend on the 1-hour chart, the price is also moving along the lower Bollinger Band. Although it is still hovering near the lower band overall, the price lows are gradually rising, forming a micro ascending channel. This trend of continuously rising lows suggests that market selling pressure is gradually easing, and there are clear signs of exhaustion in bearish momentum, indicating a bullish rebound may occur tonight.
Suggested operation for Bitcoin: look for bullish positions in the 1020-1015 area, with a target range of 1030-1040, and set stop-loss according to individual position size.