After experiencing successive bearish corrections, the price of Bitcoin has slowed its upward momentum, but the overall trend this week has perfectly aligned with the established trading plan: from a phased pullback adjustment, to a strong rally with a 10,000-point counterattack, and then to yesterday's precise short-term wave capture. The entire process was well-timed and executed, resulting in impressive gains.
From the current technical chart perspective, the four-hour Bollinger Bands are narrowing upward, with the price fluctuation range continuously tightening, indicating that the bulls and bears are entering a consolidation phase; meanwhile, the price has successfully broken above the middle Bollinger Band, signaling initial bullish momentum. The short-term upward channel remains intact, with further potential for price to rise. Based on this, the short-term trading strategy for the day is clearly to focus on buying dips, relying on key support levels to set up long positions.
You may consider entering a long position around 69,000, with stop-loss set below the key support level below, and target the 71,500 level first. After reaching the target, you can choose to exit based on real-time market conditions to lock in profits.
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After experiencing successive bearish corrections, the price of Bitcoin has slowed its upward momentum, but the overall trend this week has perfectly aligned with the established trading plan: from a phased pullback adjustment, to a strong rally with a 10,000-point counterattack, and then to yesterday's precise short-term wave capture. The entire process was well-timed and executed, resulting in impressive gains.
From the current technical chart perspective, the four-hour Bollinger Bands are narrowing upward, with the price fluctuation range continuously tightening, indicating that the bulls and bears are entering a consolidation phase; meanwhile, the price has successfully broken above the middle Bollinger Band, signaling initial bullish momentum. The short-term upward channel remains intact, with further potential for price to rise. Based on this, the short-term trading strategy for the day is clearly to focus on buying dips, relying on key support levels to set up long positions.
You may consider entering a long position around 69,000, with stop-loss set below the key support level below, and target the 71,500 level first. After reaching the target, you can choose to exit based on real-time market conditions to lock in profits.