After Bitcoin created a pullback low of 90791 on the 27th, it didn't stay at the low for long and quickly V-rebounded to around 98000 within 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-rebound based on the strength of the rebound, and on the 29th, it was suggested to aim for an upward rebound at the hourly level. Our trading plan needs to be constantly adjusted based on the strength and structure of the trend, and we must not be stubborn; otherwise, we will incur losses.
Regardless of whether this hourly upward rebound can break the new high, the weekend is a time for altcoins to shine, so at this moment, one can choose strong trends and well-structured varieties to replenish positions. Enough talk, let’s get straight to the chart:
