After Bitcoin hit the low point of 90791 on the 27th, it did not stay low for long; in just two days, it rebounded to around 98000, indicating strong bullish momentum. The current price is 97353.
In the morning analysis on the 28th, this account mentioned the probability of a V-shaped rebound for Bitcoin based on the strength of the rebound. On the 29th, we indicated that an upward rebound at the hourly level should be taken. We need to constantly adjust our trading plans based on the strength and structure of the trend, and we must avoid being stubborn, otherwise, we will suffer losses.
Let's not discuss whether this hourly level rebound can break the new high for now, as it is the time for altcoins to dance again as we approach the weekend. Therefore, we can choose strong trends and well-structured varieties to replenish positions at this moment.
Enough talk, let's go straight to the chart:
