$BTC
The big coin has returned to the 110,000 mark, back to historical highs, and the previous significant pullback has now been completely recovered by the bulls. When it reached the previous high, many people said they were afraid to go long, thinking a pullback was imminent. Now that the pullback has ended and we are back at high levels, do you still dare to go long? Trading is inherently a process of going against human nature. This round of bottoming rebound has also consolidated for quite a long time, especially the previous slow rise, with a steady increase without any opportunity for a turnaround.
The daily chart of the big coin shows a strong bullish bar directly stretching upwards, reaching a historical peak before a slight pullback adjustment. Compared to the previous stretch, this level of strength is really nothing. The big coin has stretched from 74,000 all the way to around 110,700, with a recent oscillation and a pullback. Now returning to high levels, it continues the previous trend. Since 100,300, there has basically been little room for retracement; you can either short or miss the opportunity. Given the current structure, it is very likely to rise further to test the upper pressure. For now, we continue to look positively at the bulls' efforts.
