Can the Tai Chi formation of Bit Midnight still hold? The fluctuations between long and short positions are switching back and forth. Although the price level has returned to the original point from yesterday morning, it does not affect Chen Nan's firm bullish outlook!

Currently, there is a reversal of the bearish momentum on the 4-hour chart, and the intensity has already stalled. The most important support is the lower bound of the daily line, which can serve as the latest strong support, especially since the recent interest rate cuts during midnight show significantly insufficient downward momentum!

Of course, the previous low is still at 103,300. As Chen Nan has said, the market changes rapidly, so it’s better to stay flexible!

The most conservative approach is to go long again around 103,000. Just a reminder, the maximum support is at 101,600, so manage your profits well! #BTC☀