Thursday's intra-day summary, bulls are strong and moving upwards, Bitcoin reached 3223 points, and the morning thoughts
Today's market ultimately broke the recent oscillation rhythm, mainly running upwards with bulls. The resistance above has been continuously breached, and as of now, the coin price has risen to around 97600. Since the bullish trend has already formed, we are not blindly shorting; there are also trend-following opportunities. In the evening's tug-of-war, both bulls and bears have taken turns, resulting in quite a good profit.
Today, we had a stop-loss order for Bitcoin, overall achieving a space of 3223 points.
In the 4-hour chart, the current market shows a V-shaped reversal pattern, with a strong performance of consecutive bullish candles. Relying on the middle Bollinger Band to form an upward momentum, it has broken the previous weak trend, causing moving averages and various indicators to signal upwards. The market may again experience a rise followed by a pullback, but currently, the smaller timeframe's strong performance suggests another attempt to reach higher, so we will first follow the short-term trend and look for buying opportunities, adjusting our strategy only if key positions are broken.
In the early morning, Bitcoin showed a bullish signal around the 96000 area, with a target focus on the 98000 line.
In the current market, merely looking at some analyses available in the market is certainly not as practical as real-time guidance. If something can't be digested, managed, or beaten, there is only one way: leverage the strength of others. Those who understand, understand! $BTC $ETH $BNB