After Bitcoin fell to around 90800 last night, the bulls began to exert their strength, and the price surged all the way up to a high of 97250. The price has now returned to around 96000.
Looking at the 4-hour chart, the middle line of the Bollinger Band is a key point for the bulls. As long as the price does not fall below the middle line, this slow upward trend will continue. After the indicators are corrected, new highs will be reached again, so for intraday short positions, it is still advisable to look for buying opportunities, and consider switching positions after the price peaks.
High shorts and low longs, the important thing is to find the right entry points. Right now, the support from the rising trend line and the middle line is around 95000, which is also the lowest point of last night's pullback. This position is the defensive line for today; if it holds, intraday short positions can continue to seek buying opportunities.
BTC short-term trading advice: If the price pulls back to between 95000 and 94500, you can try to go long, targeting 97500 and 98500.
Finally
For the upcoming layout direction, I will guide everyone to aim for high-profit opportunities in altcoins, especially those with great potential projects.
Don’t be like a headless fly buzzing around aimlessly; hoping to earn multiple returns in a bull market, now is the best time. Comment 222, and I will provide full support to help you easily get on board and enjoy the benefits of the bull market together.
