Chuan Lun Analysis 1130: Bitcoin Consolidates, Altcoins Dance!

After Bitcoin hit a correction low of 90791 on the 27th, it didn't stay at the low for long, quickly reversing to around 98000 in just two days, indicating strong bullish momentum. The current price is 97353. In the morning analysis on the 28th, this account mentioned the probability of a V-shaped rebound based on the strength of the rebound. On the 29th, it was advised to expect an upward rebound on the hourly level. When formulating a trading plan, we need to continuously adjust based on the strength of the trend and structure; we must not be stubborn, or we will suffer losses. Regardless of whether this upward rebound on the hourly level can break new highs, the weekend is a time for altcoins to perform, so we can choose strong trends and good structures to replenish positions. Enough talk, let's go directly to the chart: