The early trading session trend is in line with expectations. BTC rebounded again after finding support around 94,500. From the current candlestick structure, this wave of sharp rise followed by a pullback is a normal technical correction, and the bullish trend remains intact.
On the four-hour chart, after reaching a new high, a bearish candlestick pattern appears with a pullback. The price broke below the upper band of the Bollinger Bands, leaving a long lower shadow, indicating that the buying support below is not weak, and the short-term downward momentum has basically been exhausted. In the short term, the bullish pattern remains intact.
Follow-up trading strategy: adopt a strategy of going long first, then short. In the morning, rely on support around 94,500 to initiate a bullish rebound, targeting resistance zones at 96,000 and 96,500. After reaching the resistance zones, consider short positions. This rhythm is more in line with the current market pace.
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The early trading session trend is in line with expectations. BTC rebounded again after finding support around 94,500. From the current candlestick structure, this wave of sharp rise followed by a pullback is a normal technical correction, and the bullish trend remains intact.
On the four-hour chart, after reaching a new high, a bearish candlestick pattern appears with a pullback. The price broke below the upper band of the Bollinger Bands, leaving a long lower shadow, indicating that the buying support below is not weak, and the short-term downward momentum has basically been exhausted. In the short term, the bullish pattern remains intact.
Follow-up trading strategy: adopt a strategy of going long first, then short. In the morning, rely on support around 94,500 to initiate a bullish rebound, targeting resistance zones at 96,000 and 96,500. After reaching the resistance zones, consider short positions. This rhythm is more in line with the current market pace.