Good morning brothers
Bitcoin Morning Analysis
Currently, in this round of bull market, Bitcoin stands out, last night it surged to the 99000 area. Trading cannot rely on past logic, there is no pressure reference above, the 100,000 level is mainly a psychological round number. It is not easy to predict the top; previously, the coin price broke through the 88000 level, opening up new space. Without a top signal, we look bullish in the trend.
From a technical structure perspective, the daily line has closed high for four consecutive days, and there is hope for a continuation in the short term, supported by breaking the high point, but currently, it is far away. The market is likely to turn into consolidation; currently, the bulls are strong, and breaking above 95000 counts as a strong trend. A morning pullback can be used to enter long positions.
Trading suggestion:
Go long in the range of 97500-96800 for Bitcoin, targeting 99000-100000.
