In the early hours of today, Bitcoin returned to 110,000, just a step away from the previous high, and whether the market will see a significant pullback has become a focal point.
However, in an upward trend, a short-term pullback is a normal phenomenon; the key is to identify whether it is a genuine breakout or a trap for the bulls.
Currently, the weekly chart shows a bottoming out, the daily chart is moving upward, and the four-hour chart is in a consolidation phase, with different rhythms at each level. Therefore, one cannot solely rely on price to judge the rise or fall. For example, if it pulls back to 99,999 during the day and then rises to 120,000, it is still a normal fluctuation.
The key is to clarify one's trading cycle; short-term trading should not fixate on long-term trends, and long-term trading need not get caught up in minute K-lines.
Once the positioning is clear, the strategy and risk control will match, avoiding interference from market noise. Focused execution is essential for steady gains.
In short: trading should be focused; one cannot chew more than one can swallow.
