$BTC Bitcoin's recovery trend is clear, participate in the early morning dip!
There is no bull market that only goes up without going down; it is quite normal for the price to drop back by ten thousand points after a long-term rise of tens of thousands of points in a bull market.
Currently, the downward adjustment trend has basically been released, and we have entered the recovery and upward phase. The daily chart still maintains a clear upward trend in development. The overall direction remains bullish!
At this stage, in terms of overall rhythm, on the four-hour chart, Bitcoin is rising with consecutive green candles, but there is obvious resistance when it reaches the middle track area. The short-term price is also maintaining a slight pullback after stopping the rise, but the pullback force is weak. As the volume arrangement at the top shrinks, the price remains stable at a high level, and breaking through the middle track is just a matter of a moment. The structural pattern shows a clear upward trend, and the short-term rhythm will be accompanied by a slight pullback, but it does not affect our bullish strategy at the low levels; those who want to short should operate cautiously!
Morning Bitcoin operation suggestion: Buy on the dip in the 96500-96000 area, target 98000-99000!
