Good morning everyone!

Bitcoin needs to once again rise above the 985 position, and it must stabilize there in the next day or two for this upward trend to have a chance to return to the 100k mark or even higher. Today, the upward movement during the day should be limited, so we will start observing for a pullback from the morning, with the strength of the pullback to be monitored 🧐.

Currently, the price is rebounding on the 4-hour chart and has entered the overbought area. It is estimated that this line may not reach 985; if it touches and closes above 985, we won't chase further but will switch to low-margin positions instead.

In the 980-983 range, it is recommended to enter with a light position, defending at 988, and looking downwards first, aiming for around 965. At that time, the floating profit could be fifty percent. If it returns to 970, we will exit directly and then turn around to continue bullish towards breaking 985.

In the 968-965 range, enter long with a low position, defending at 957, with the target of breaking 985 and continuing to 995-100000.

Currently, we do not know how strong the pullback will be, so do not rush in. I hope to take profits when we see good results. In short, as long as the price is rebounding, we will prioritize observing the rebound.