Bitcoin Market Analysis and Trading Suggestions

Bitcoin has been oscillating above 105,000 throughout the night yesterday and is currently stabilizing at this price level, with market developments generally meeting expectations. This morning, the price rose to around 106,700. What should be the subsequent trading strategy?

Yanxi is currently bullish in the long term. From the daily chart perspective, it has stabilized above the middle track, and the 4-hour chart has shown six consecutive bullish candles, which is very similar to the previous surge to 110,000.

Personal suggestion: For aggressive traders, consider entering around 106,000; for conservative traders, consider entering around 105,500-105,000. The short-term target price is aimed at 108,600. In the long term, look towards 110,000 and 120,000.