The small trend for BTC is upward. After a pullback, we continue to look bullish.
Yesterday's trading strategy was very successful. As mentioned yesterday: after a strong bullish rally, a pullback followed by a new high is highly likely. It was clearly stated that the strategy yesterday was to buy on dips, just determining the specific low to buy at. After last night's pullback, a few attempts brought it above 99000, and it finally broke the previous day's high, confirming the judgment. It was also mentioned yesterday: bulls had the opportunity to touch around 99800, and this morning it also reached near 99900, perfectly hitting the preset take profit level of 99700 for yesterday's long position, and it perfectly reached the entry point for the short position at 99810. The short position's target take profit level of 98100 was reached by the afternoon. Yesterday's operations were still very perfect. It is completely worth the attention of all viewers.
Currently, the pullback strength is still quite strong, but it is expected to continue to be bullish after the pullback. It has been mentioned multiple times that the current market can still be seen as a larger range-bound market, with the range being 94000-107000. It is possible to go long or short near the upper and lower bounds of the range and hold for a few days to see a small trend. Additionally, the Nasdaq is likely to continue making new highs after breaking resistance on Tuesday evening, which does not contradict the previous bearish view on the Nasdaq. The Nasdaq is in the final wave of a larger five-wave trend, and the expectation was that last week's high point was the peak of the fifth wave. However, the current rebound has broken the resistance, and breaking last week's historical high is no longer a mystery. Once it breaks the high, it will enter a round of accelerated bullish market, with at least a 5% increase above. If the prediction holds, it is beneficial for BTC to continue rebounding.
Therefore, today we continue to go long after the pullback. The current market has broken 97000, with important support below at around 96000-96400. Suggestion: buy around 96000-96500, and the target for this upward movement is relatively large. The stop loss can be set a bit wider, at 94700, with a target of 99500 to take half profit, and hold the rest for higher.
---- Latest view: The current market has broken 96000, and it feels a bit familiar. The three-minute chart dropped from the break at 97700 all the way down to the current lowest point near 95500, corresponding to the Nasdaq futures just dropping over 120 points. The movement of the Nasdaq still directly and effectively influences BTC. This feels like a washout, and I maintain my view, continuing to buy on dips according to the plan while controlling the position and setting a stop loss. Just had a round