K-line like tides, fluctuations are all commonplace; greed makes the tide easily overturn, while fear hides opportunities. Not chasing short-term fluctuations allows one to see the underlying trend; not fixating on temporary losses helps to cultivate a solid mindset. In the early morning, the price first dipped to a low of 117250, then rebounded with fluctuations, with bulls and bears pulling back and forth. After adjustments, the price broke upward, currently rising to around 118700, showing a trend of oscillation with a slight upward bias. The low-point strategy provided by Lao Hu in the early morning accurately landed, and when the price retraced to around 117400, the orange was bought in, rising to around 118600 before exiting, capturing over 1200 points of space.
From observing the 1-hour K-line chart, after the price dipped to the 117250 line in the early morning, it quickly rebounded, forming consecutive bullish candles with lower shadows, strongly indicating the rhythm of a bullish counterattack, with a strong intention to rise in the short term. The current price has broken through the middle band of the Bollinger Bands, and the Bollinger channel shows a slightly opening shape, which generally signals that the market is facing a directional choice. Combining the trend, the probability of breaking upward is higher. The morning strategy can focus on the support situation near the middle band; if it can effectively stabilize above the middle band, one may choose to enter a low-price orange position.
Operating Suggestions
Bitcoin near 117500—118000 can be bought, targeting 120000.
