Morning trading has started, in the afternoon chase for a profit of 1000 points, and then again for another 3300 points. When the daily bottom is reached, chase for another 1000 points. Why do we still dare to chase? When breaking the high, it’s not aimlessly rushing without pressure; without high point resistance, we need to observe the upper Bollinger band on a larger scale. This is similar to the previous 119, where we were also under pressure from the weekly Bollinger band upper limit, and then a pullback occurred. So when the daily Bollinger band upper limit is broken, chase for a profit, while nearby the weekly Bollinger band upper limit, we chase again. The daily bottom acts as support, and here we can chase for a profit. Overall, we still need to look at the resistance and support.

Currently, the overall trend is biased towards profits; the upper large-scale levels have already been broken, only the weekly Bollinger band is holding. This is the strongest resistance level and the last resistance level. If the weekly Bollinger band upper limit cannot hold, then no one knows how high it will go. However, last time the weekly band held, and this time there is a little bit of space left on the weekly band, leaving space is waiting for a pullback, so if it goes down, it can actively fit. After that, the four-hour Bollinger moving averages are almost parallel, so we can focus on the high chase around the four-hour Bollinger band range, and a low profit chase. Currently, we are still at a high position, so we can first chase high and look for a pullback to the middle track, and if it touches the track, we look near the lower track corner.

In the early morning, chase around 120500 to 121000, looking at 118600, if it breaks, continue to look down towards around 116000. $BTC #BTC再创新高