On Friday evening, Bitcoin once again refreshed its intraday high at the 99529 level before facing pressure and starting to retreat. The current price has returned to around 98000 and is oscillating. The daily chart shows a strong rebound with four consecutive bullish candles. From the perspective of the weekly rebound space, the price has stabilized above 93000 and has been rising steadily towards the 100,000 mark. With the slow rise at the beginning of the week releasing space, today's short-term momentum has slightly weakened. One should be cautious of a high and then a retreat; it is not good to chase prices higher. Previously, it was a stable slow rise, and with the release of volume, one must also guard against the risk of a high and then a retreat.
Looking at the four-hour chart, the 4-hour chart has shown a strong upward rebound relying on the middle track. As we approach the weekend, considering the significant rebound space released at the bottom, if the 4-hour chart shows a rebound wave pattern, there will be a conversion to a pullback wave today, that is, a high test followed by a backtest. The closing position will determine the strength and weakness for next week. Whether it is a high test followed by a low close, or a high test followed by horizontal consolidation and correction to build momentum will determine the short-term strength and weakness transition. In terms of the market, there still exists a considerable risk of a high test followed by a retreat, and the main strategy remains to maintain a low buy approach.
Evening Bitcoin short-term operation: Pull back to the 97000-97500 area, targeting 99000-100000! The state is very strong, the winning streak continues, and if you can't determine the bullish or bearish, adhere to your strategy and walk together! Let's create brilliance again! #比特币突破10万? #ETH市场新动向 #非BTC板块市场走势