$BTC
Today's Bitcoin market is quite eye-catching, showcasing unique trend characteristics.
Looking at the market evolution from yesterday to today, Bitcoin first showed some movement last night. Last night, Bitcoin had a slight pullback, dipping to around 104927, but quickly stabilized the downward trend, followed by a rebound, with a small bullish candle rising sharply, accompanied by a slight upward “pinbar,” reaching a high of 106482. This fluctuation provided investors with around 1000 points of operational space.
From a daily chart perspective, Bitcoin has achieved three consecutive bullish candles, presenting a steady “stair-step” upward trend, which clearly indicates that the current bullish trend is dominant. Since the price fell to the lowest of 100305, it has been steadily recovering, with bearish pressure gradually weakening and bullish strength making a strong comeback. Looking at the 4-hour chart, the upper band of the Bollinger Bands for Bitcoin currently forms a certain resistance at the 107000 position. If it can strongly break through 107000, then Bitcoin is likely to continue its upward surge, further opening up upward space; conversely, if it cannot break through, a minor pullback may occur in the short term, and investors could consider making corresponding operations within this range. From a market operation suggestion perspective, given the current market, one could attempt to go long with light positions in the 105300 - 104800 range, targeting around 107000. However, it is essential to note that although the current trend is relatively optimistic, market volatility remains considerable, and one must always guard against the risks of sudden pullbacks, reasonably control position sizes and risk exposure, and make cautious investment decisions.
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