#BTC☀ The market in the past two days has perfectly validated the saying, 'There is no highest, only higher.' How many times have we thought we reached a short-term peak, only to be met with more intense rallies than expected. Just like today, we witnessed the price setting a historical new high, surging to 113740 in the early morning. Today, we also reaped significant gains, with the index gaining 4149 points and the other index securing 49 points. The market provided opportunities, and Lao Hu's judgments kept pace, proving to be solid gains. Moving forward, let's continue to follow Lao Hu's steps and enjoy the profits.
From the hourly perspective, the index has shown strong performance after daytime consolidation, with consecutive large bullish candles breaking through the previous range of fluctuations, demonstrating strong momentum. The Bollinger Bands are opening upwards, with prices operating near the upper band, confirming that the index has sufficient upward momentum and a solid upward channel. On the 4-hour level, a large bullish candle has surged past the previous high, with the upper band showing a continuous upward trend, fully opening the upward channel. In the short term, the index is likely to continue climbing with the help of the upper Bollinger Band, challenging higher resistance levels. Under the current leading pattern of the index, as long as the price does not effectively break below the key support level and there are no significant signs of the Bollinger Bands closing and flattening, the trend of the index is likely to continue. The strategy is to look for a pullback to enter long positions, but given the current bullish momentum, the extent of the pullback may be limited, and it could be a prelude to another surge after consolidating.
Operational Suggestions
The target near 112000-112500 for the index is first towards 114500
The target near 2760—2780 for the index is 2880
