$BTC Good morning everyone on this new day. Yesterday morning, the price of Bitcoin surged to around 122,500, and in the afternoon, it pulled back under pressure, touching a low of around 119,200. On that day, our low long layout strategy for Bitcoin and Ethereum was notably effective, easily realizing profits, especially in the evening when Auntie captured nearly 180 points of rebound profit.
From the current 4-hour chart, the Bollinger Bands are opening upwards. Although the price has pulled back, the bullish trend remains strong. The short-term moving averages and the middle Bollinger Band are forming a "double support resonance", further enhancing bullish momentum. If the support from the middle Bollinger Band continues to be effective, the price is likely to embark on a wave rebound based on this level. Therefore, it is still recommended to adopt a low long layout strategy in the future market.
