Don't panic about the callback. Just now, after Bitcoin pulled back below 97200, Yuen Chuan has once again positioned for long trades, continuing the strategy of testing longs with light positions around the pullback!

In the 4-hour chart, we can see that the candlestick has formed a rebound right at the EMA300 support level. This position can also continue to be used as a trial entry point for long positions.

Although there was a rapid drop in the early morning, the upper track did not turn down. It is recommended that everyone does not blindly chase shorts at this position.

For trading, it is suggested to go long in the 96300-96800 range for Bitcoin, with a stop loss at 95500 and a target of 99500 above.