Auntie broke through a new high again at 2 PM, reaching 4794 before encountering strong resistance at 4800, immediately facing pressure and falling back. The current price has dropped to around 4720. However, based on Lao Wang's advice, we should still maintain an observational attitude towards the market, as Auntie continues to set new highs, and the strong resistance at 4800 will eventually be broken. Once this happens, the price could see a rapid rise, possibly even touching the 5000 mark.
From the current hourly technical perspective, the price has pulled back to the middle band of the Bollinger Bands. Although we have not yet seen strong downward signals, technical indicators show a downward trend, and the price may fall below 4700, retreating to around 4660 at the lower band of the Bollinger Bands. We can patiently wait for the pullback to end and enter the market when the technical indicators show a reversal signal.
Auntie's operation suggestion: Consider entering the market in the range of 4680-4710, while maintaining expectations for a breakthrough at 4800. $BTC
