The current market shows that after a continuous rise of $BTC in the early morning and morning, it has entered a consolidation phase in the short term, presenting a rhythm of "higher highs followed by pullbacks". The bullish trend remains relatively strong.
After a periodic adjustment at the daily level, there have been three consecutive bullish candles, indicating that the adjustment has nearly ended and we are entering a rally phase, with bullish volume gradually confirming. The overall structure is strong, with a relatively short consolidation period, and the movement is characterized by slow gains rather than a one-sided rapid surge.
The current short cycle is forming a corrective staircase. If it can hold above this staircase, we can continue to look bullish, paying attention to the strength and duration of the second upward push.
Big pie trading suggestion for Friday: consider going long around 119500, with a target focusing on the breakthrough situation at 121000.
