Trading Review and Strategy Outlook

In life, when the sun shines on the earth and a gentle breeze brushes against our faces, a sense of beauty arises; gathering with close friends and family, sharing joys and sorrows, the warmth of familial and friendly bonds lingers in our hearts; when we strive wholeheartedly towards our goals and achieve them, the joy of success stirs our souls. In the world of trading, failure and success are inseparable, and the key lies in facing the market's fluctuations with a calm and resolute mindset.

Looking back at yesterday's trading, Yang Jie shared trading ideas across various platforms, clearly laying out long positions in the range of 106500 - 107000. The market lived up to expectations, as Bitcoin's price dipped to a low of 106700 that evening, then embarked on a journey of upward volatility. By 5 AM the next day, the price steadily rose to around the target level of 108000, successfully realizing expected gains. Subsequently, the price began to fluctuate downwards and has currently retraced to around 107000.

From the perspective of real market movements, the earlier bullish momentum was strong, driving Bitcoin's price consistently higher. However, after breaking through the critical threshold of 108000, the price failed to stabilize effectively, quickly retreating under pressure, with subsequent attempts to attack this level encountering obstacles.

From a technical analysis standpoint, from the daily candlestick perspective, Bitcoin's price successfully rebounded after consecutive bearish candles touched the lower Bollinger Band. This shift provided the bulls with broader opportunities for action, and the price has now firmly established itself above the middle Bollinger Band, indicating a certain strength in the market.

Switching to the four-hour chart, Bitcoin has exhibited a robust one-sided upward trend, with prices continually approaching the upper Bollinger Band. In the short term, the range of 108000 - 108500 above constitutes an important resistance level, while the level of 106500 below serves as key support. It is expected that during the daylight hours, the market will engage in intense competition and probing around these two key points.