12.2 Bitcoin Strategy

Bitcoin rose to the 98200 line in the early session, and the 4-hour chart shows an overall bullish trend structure in the candlestick performance. After a narrow range of consolidation, the price exhibits a sustained slow rise, with bullish volume bars maintaining their alignment. The running channel forms an upward opening shape, and after a short-term consolidation, a bullish reversal is established. Short-term downward probes encountered certain resistance. I don't expect too much retracement space for future pullbacks, opting for time to create space. It’s not very suitable to chase long positions directly at the current high; it’s more appropriate to wait for a pullback to enter long positions in the current market. Therefore, in the subsequent strategy, we will first keep waiting to enter long positions at lower levels.

Operational Suggestion:

Bitcoin: Long around 97300-97000, with a target of 99000.