Yesterday, the weekly cycle continued the strong structure from the end of last week after the closing. After another surge, it broke through the upper Bollinger Band, and after breaking, it pulled back to a low point. Then it surged again to near the upper Bollinger Band of the weekly cycle, with a position of 1000 points. Afterwards, it entered a pullback to test the bottom support of the daily cycle, with an initial position of over 3300 points. Following this, the bottom of the daily cycle saw a small rebound, gaining 1000 points. After breaking the high, it was mentioned that there was no upper pressure, but we need to look at the larger Bollinger Band resistance. The previous 119 was the resistance of the weekly and monthly cycle Bollinger Bands, followed by a pullback. So how to view it after the pullback...

Overall, the trend surged and then pulled back, with a decent pullback strength, just short of breaking through the bottom of the daily cycle. If it breaks through, it can continue, and the daily cycle did not close bearish, but it already has a long upper shadow. Therefore, the rebound strength afterwards will not be strong. The 6-hour has not narrowed since the rise, and after the pullback, it started to narrow, so further pullback is expected. The 4-hour Bollinger Band shows no signs of opening, indicating a high possibility of moving in a range, so currently it is also at a high level within that range, and we can continue to look for a pullback. The hourly cycle pulled back to the bottom and then started to oscillate, with the oscillation building up and the Bollinger Band having opened up, which indicates continuity. In summary, we can continue to look for a pullback during the day, leading to a direct entry.

Enter around 120300 to 120800, look at nearby 118300 to 117900 $BTC #BTC再创新高