Thursday, good morning to a new day!

Yesterday, after the CPI announcement, Bitcoin's price rose sharply, reaching around 101,000 before pulling back for adjustment. At midnight, the reference point of 99,000 was given for a bullish outlook towards 101,500. Bitcoin stopped after touching the 99,500 level, with an overnight rebound to the 11,800 level, perfectly achieving the target. The trend met expectations, and after the price stabilized above 98,000 yesterday, it clearly indicated a shift from weakness to strength. In this wave, did you keep up?

Currently, in terms of trend, the bulls are leveraging the CPI data to stabilize their momentum, breaking through short-term resistance. The daily line has formed a large bullish candle, recovering all the losses of the previous two trading days, stabilizing above the 100,000 mark. At the same time, the 4-hour K-line has formed a V-shaped reversal pattern with consecutive bullish candles. After a strong rise, there has been no significant pullback so far, indicating that the short-term correction has basically ended, and the bulls are strong. In the morning or in the near future, it is likely that this bullish sentiment will continue to rise, testing the top resistance. However, given the significant short-term rise, caution should be taken to prevent the price from pulling back for adjustment. Therefore, in the morning outlook, if there is a pullback, it can be an opportunity to enter a bullish position, continuing to watch for bullish continuation!

On Thursday morning, aggressive traders can short near the current price of 101,300, looking for a 800-1000 point pullback, while conservative traders can enter bullish positions in the 100,000-100,500 area, aiming for a target of 104,000!