Bitcoin's recent surge has been quite dramatic! Looking at the hourly chart, yesterday's strong bullish candlestick broke through the Bollinger Bands, with the K-line trending upwards. The bullish trend couldn't be more pronounced! The MACD indicator even showed a bottoming divergence, with the fast and slow lines crossing below the zero band before turning upward. This clearly shows bulls dominating the market!

Next, focus on the pressure on the upper band of the hourly chart. If it successfully breaks through, the subsequent uptrend is unstoppable, and there's no reason to be bullish!

For early morning trading, go long in the 119,100-119,600 range, with a target of 121,500. After a breakout, consider 123,000. Market volatility is high, so set a stop-loss and don't hold tight. #btc