1.12 Weekend Intraday Thoughts
From the current situation, the Bitcoin fluctuation market is still ongoing. In the early morning, it briefly pierced below 94,000, and then Bitcoin retraced to around 95,000, which is actually not a big fluctuation.
From the 4-hour perspective, Bitcoin is currently positioned above the middle band of the Bollinger Bands, with not much fluctuation up and down. The three lines are in a contracted state, and the fast and slow moving averages are below the zero axis, with both lines gradually turning upwards. The energy bars are beginning to decrease in volume, and overall both sides are in a relatively tense state. In summary, for intraday operations, we maintain a strategy of buying on dips.
In terms of operations, it is recommended to look for a target around 95,000 near 94,000.
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