Still around the same position of 91,000 after all the twists and turns, there was another fake breakout last night. Currently, we have been at this level for almost a week. Every day there is profit-taking, and I don't know if the brothers who took short positions at high levels have exited. For now, we still maintain a bullish outlook. No market movement, so we wait. The position is still okay, and there is not much pressure.
From a technical structure perspective, the 4-hour chart shows that the bulls are still in a strong phase. Although there has been slight volume reduction, it does not affect the overall trend. In the short-term intraday view, the retracement of Bitcoin's correction is relatively better compared to altcoins. Currently, the three consecutive bullish candles on the hourly chart have halted the downward trend.
Bitcoin trading suggestion: Around 91,000, look for upward movement Target🎯: 95,000#BTC
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Still around the same position of 91,000 after all the twists and turns, there was another fake breakout last night. Currently, we have been at this level for almost a week. Every day there is profit-taking, and I don't know if the brothers who took short positions at high levels have exited. For now, we still maintain a bullish outlook. No market movement, so we wait. The position is still okay, and there is not much pressure.
From a technical structure perspective, the 4-hour chart shows that the bulls are still in a strong phase. Although there has been slight volume reduction, it does not affect the overall trend. In the short-term intraday view, the retracement of Bitcoin's correction is relatively better compared to altcoins. Currently, the three consecutive bullish candles on the hourly chart have halted the downward trend.
Bitcoin trading suggestion: Around 91,000, look for upward movement
Target🎯: 95,000#BTC