7.4 Friday Morning Market Analysis

Currently, the overall performance of Bitcoin is quite optimistic, with the price continuing to consolidate above 109,000, and the bullish forces clearly taking the upper hand.

On the 4-hour candlestick chart, the price is steadily moving upward step by step, and the moving averages are all pointed upwards, providing strong support for the market. Additionally, the market has formed a small double bottom pattern, establishing a solid foundation. Since the market has clearly turned bullish, even if there is a slight pullback in price later, it may actually present a good opportunity to enter long positions. Given this, the market is likely to continue moving upward in the future, which is worth paying close attention to.

Morning Trading Strategy

Go long on Bitcoin at 109,000-108,500, with a target of 111,000.