Friday, November 22 Bitcoin Morning Insights: The market keeps rising, and there is still upward momentum ahead!

In just one night, Bitcoin has undergone tremendous changes, with the bullish trend strongly pushing higher. After a long period of horizontal consolidation at high levels, the price broke through with increased volume, and the price has risen again. It stopped at the low point of 94,000 yesterday and has risen overall by nearly 5,000 points. This surge has truly showcased the strength of the bulls. As Lin Kun often says, regardless of market trends, strict risk control measures must be implemented to prevent market reversals!

From the 4-hour chart, we can clearly see the explosive bullish momentum. After horizontal consolidation, the market broke through the upper Bollinger Band, and since then, it has been in a consolidation phase above 98,000, with no significant signs of a pullback. In the short term, the bullish trend still dominates, so pay attention to the support level at 95,000 in the future. Above this level, a short-term bullish outlook remains, while the market is still in a volatile tug-of-war. Timing the critical points is crucial; as long as the critical point holds, short-term trend pullbacks can be taken for long positions!

For morning operations on Bitcoin, I personally suggest buying on a pullback to 97,500-97,000, with a target of looking at around 100,000-100,500!