Judging from the current market, the four-hour line has two negative and two positive lines, and the low point moves up, forming a step-by-step upward state. In the short term, the Bollinger Bands begin to close in parallel, and the market is accumulating strength in the shock consolidation. At present, the momentum of both long and short positions seems not strong enough. The price ratio lacks strength when trying to break through the high point, and it does not show continuity when falling back, and the structure shows certain signs of blunting. This slow consolidation and correction cannot change the overall direction of the market for the time being, and it remains in the consolidation and correction stage of the long position. As long as the previous low point is not broken, the bullish trend remains unchanged. We will operate cautiously with a shock-based mindset and adopt a strategy of selling high and buying low in the range. In the case of the market's inability to rise, there may be repeated high-rise and fall trends. Therefore, it is not recommended to continue to chase after touching the high or breaking through the high point, but wait for the price to retreat and find opportunities to go long at low points. At the same time, combined with short-term short-term operations after the high, we can flexibly respond to market changes and avoid excessive pursuit of unilateral market conditions.

Bitcoin 58700-58500 long, target around 60200

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