Bitcoin four-hour timeframe continues its strong upward momentum, but short-term overbought conditions warrant caution for a pullback. Trading should mainly follow the trend and buy on dips, strictly controlling position sizes and stop-losses.
Strategy for buying: Do not chase highs. If the price stabilizes around 93800-94200 after a pullback, consider light long positions with a stop below 93000. Take partial profits at 96500, and if the level breaks, look for 98000+.
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Bitcoin four-hour timeframe continues its strong upward momentum, but short-term overbought conditions warrant caution for a pullback. Trading should mainly follow the trend and buy on dips, strictly controlling position sizes and stop-losses.
Strategy for buying: Do not chase highs. If the price stabilizes around 93800-94200 after a pullback, consider light long positions with a stop below 93000. Take partial profits at 96500, and if the level breaks, look for 98000+.