Thursday Afternoon Bitcoin Latest Real-time Market Analysis
Reviewing yesterday evening's long strategy, the live market successfully reached our expected point, hitting the low near 93600. The highest point in the evening reached around 94700. The strategy we provided in the evening perfectly realized a thousand-point space. In the morning, the live market once again retested near 94000 and then started to rebound. Currently, the live market is fluctuating around 94900 for correction. We maintain a bullish outlook for the afternoon. Short-term traders can try short positions with light holdings, while conservative traders should wait for a better opportunity to lay out long positions during pullbacks.
The 4-hour chart for Bitcoin shows the Bollinger Bands starting to narrow, maintaining the consolidation range from the beginning of the week. The current pattern is merely a fluctuating market; a breakout is needed to determine the continuation of strength or weakness. Short-term operations should temporarily remain within the range, buying high and selling low. Combining this with the hourly chart of the Bollinger Bands, wait for a breakout before following the trend. For now, the short term will stay within the range and observe fluctuations.
Operational Suggestions:
Long in the range of 93800-94300, target 96000.
