On Thursday morning, Bitcoin's recent performance has been extremely strong, with hardly any significant corrections. This aligns perfectly with the trading style of the market manipulators; the entire rally has been straightforward and efficient, without any unnecessary delays.
From a technical perspective, after breaking through the upper boundary of the range on the daily chart, it has shown three consecutive bullish candles, accompanied by a brief small bearish candle for a pullback correction, indicating a continuation in the overall breakout upward structure. The previous high point around 90,000 is a critical point of strength or weakness; currently, any movement above this high point is considered a strong bullish trend. The hourly chart is currently displaying an ascending triangle pattern; as long as the lower trendline is not broken, the overall bullish situation remains intact. Although Bitcoin's upward momentum this week has weakened compared to last week, it is unlikely to immediately fall into a bearish scenario. In the short term, as long as the two key support levels of 91,500 and 88,000 can hold, the price should not drop to the 86,000-85,000 range.
Moreover, Bitcoin has once again refreshed its historical high today, being just a step away from 95,000. I wonder if anyone has noticed that almost every time there is a pullback of 1,500-3,000 points, it has been a good opportunity to go long. To me, going short feels like walking on thin ice, with extremely high risks; it’s always more stable to wait for a pullback to go long. Moving forward, I believe the overall trend will still aim to test the range of 95,000 - 97,000!
Short-term Bitcoin operation this morning: look to buy on a pullback to the 93,000-93,500 area, targeting 95,000-97,000!
The situation is very favorable, winning streak continues, if you can't determine the bullish or bearish sentiment, stick to your strategy and walk alongside! Let's create brilliance again!