Thursday, June 12th Trading Strategy
The road to success is not crowded, because there are not many who can persist to the end. When you want to give up, please tell yourself to hold on a little longer, because often it is this little bit of perseverance that brings you closer to your dreams.
The 4-hour structure shows that the upward trend line remains solid as before, providing a strong support base for the bulls, indicating that the market's long-term bullish pattern has not been broken. Even amidst short-term fluctuations, the bullish force continues to control the general direction of prices. Meanwhile, the Bollinger Bands are gradually narrowing, reducing market volatility, and the forces of both bulls and bears have reached a relatively balanced state. The market is at a critical juncture for directional choice.
During the early morning period, Bitcoin retraced to the middle line of the Bollinger Bands before entering a phase of consolidation and repair. Upon multiple tests of the support level below, rapid rebounds were triggered, strongly validating the effectiveness of the support range. The bullish force actively intervenes near the support level, successfully preventing further price declines, indicating that further downside potential is relatively limited, and the bulls may exert force at any time to push prices upward.
Daytime Trading Recommendations
Buy at 107500-108000 Target 109500
Breakout at 110500
