1.4 Weekend Thoughts

  From the perspective of yesterday's midnight chart, the Bitcoin failed to successfully reach the 100,000 mark, peaking around 98,950. Subsequently, it encountered resistance at the 99,000 level, causing the price to retreat, ultimately stabilizing and fluctuating around 98,000.

  On the 4-hour candlestick chart, the bulls showed strong performance, with Bitcoin displaying a one-sided upward trend. The daily level has consecutively closed with four bull candles and has broken through the mid-band resistance, indicating a very strong trend, and the overall situation remains within a bullish trend. Considering that market trading sentiment tends to be relatively low during the weekend, lacking sufficient volume support, it is difficult to form a one-sided trend. Overall, the strategy for operating Bitcoin should adopt a high-sell low-buy approach between resistance and support levels.

  It is suggested to target around 98,500-98,800 and look for a range of 97,500-97,000.

  In the vast crowd, encountering Ye Fan is fate! There are often good horses, but few good trainers; just as a good horse makes a good trainer, a good trainer also realizes the potential of a good horse, so choice is very important.