There is no need to envy others' instant wealth, nor should you despair due to temporary losses. The essence of trading is to compete with oneself, resist the impulse to act hastily, avoid the trap of thinking 'if I don’t buy now, it will be too late,' and wait patiently for your own cyclical dividends. Currently, after a night of rising, prices have returned to around 93000, forming another oscillating upward channel. The weekly chart has also started to show a bullish trend. This indicates that the market is reversing its situation. However, the shadow of the previous round of control still exists, and there are heavy resistances above. Changsheng believes that the subsequent market will likely fall into wide fluctuations, and only then will it seek a breakthrough.
From the current market perspective, the trend is showing a clear upward oscillation. Technical signals are continuously improving: the Bollinger Bands are expanding, and Bitcoin prices are stabilizing between the middle and upper bands, in a high-level consolidation phase; recently, the K-line is mainly bullish, with a clear bullish momentum. Even if there is a short-term bearish intervention, the pullback has been limited and has not broken the overall upward rhythm. More importantly, during the short-term pullback, the price has consistently stayed above the middle band of the Bollinger Bands, indicating effective and solid support below, further confirming the current bullish-dominated pattern with strong trend continuity. The midday operation suggestion is to maintain a bullish outlook, with a focus on the effectiveness of breaking through the upper band.
Operating suggestions:
Big pie: around 92500, target looking at 95000
Second pie: around 3000, target looking at 3200
