The price of Bitcoin (BTC) has once again demonstrated the classic pattern of rising and falling sharply. In the early stages of this increase, there was a clear slow-rise and squeezing pattern, which gradually wore down the market's willingness to chase prices. Once investors began to lower their guard and enter the market, the price quickly surged to a high of $110,000, completing an effective washout action. The market is currently at a phase of high levels, with significant increases in retail short positions, and market sentiment shows a clear bearish dominance.

Looking back at the recent market, Bitcoin started a deep correction after breaking the $110,000 threshold, reaching a low of $100,300, forming a correction space of ten thousand points; subsequently, it rebounded strongly to recover losses, with a highly coherent one-sided trend, showcasing the anti-human trading characteristics. The current hourly candlestick has retraced to the middle band support level of the Bollinger Bands, and combined with technical indicators analysis, there is potential for short-term rebound momentum in the afternoon.

Trading strategy suggestions:

1. Bitcoin: It is recommended to buy on dips, with a target of $115,000.

2. Ethereum: Also bullish, with a target price of $2,750.

Note: The cryptocurrency market is extremely volatile; it is recommended to set strict stop-loss and take-profit levels to control trading risks. #看懂K线 #纳斯达克加密ETF扩容 #加密市场反弹 #比特币走势观察 #Strategy增持比特币