Today's Thought Sharing

During the midnight period, the price of Bitcoin significantly narrowed its volatility, maintaining a consolidation pattern. It is noteworthy that during the retracement process, the lows showed a step-like upward trend. Observing the four-hour candlestick chart, after the price touched a key support level, it quickly stabilized, effectively curbing the downward trend, and then entered a phase of sideways consolidation. As bullish momentum gradually accumulates, the price has strongly broken through the upper resistance level and is currently operating within the middle and upper bands of the Bollinger Bands.

At the same time, the middle band of the Bollinger Bands is continuously rising, clearly signaling that short-term market bullish sentiment is dominating. Based on the current market structure and technical patterns, it is recommended that investors adhere to the principle of trading with the trend and seize long opportunities at relatively low levels.

Trading Suggestions

Bitcoin: Buy near 92400-93000, target 95000 #加密货币总市值重回3万亿 #加密市场反弹 034476039990

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