High-level fluctuations, is there strength for the market to rise in the future?
This morning, Bitcoin once again broke through the previous high, and everything seems to be falling into place.
The rebound strategy announced earlier was also validated, and the recommended classic flavor may be slightly high, but the space still looks quite considerable. Bitcoin has been in high-level fluctuations for nearly a week since it last broke through the new high, and there hasn't been a relatively deep pullback during this period, which indicates that the trend is still one of strength for upward movement.
This morning, Bitcoin hardly had any pullback, directly breaking upwards again and reaching a new high before pulling back. The overall 4-hour structure shows a trend of fluctuating upwards, with the bottom being raised several times. Bitcoin at 100,000 may be achievable in the near future. There may still be a short-term small pullback for the altcoin, so it is important to be rational and not blindly chase after it. The upper band of the Bollinger Band is opening, the lower band shows signs of a peak, but there are already signs of convergence, indicating that there is still some space for another round of increase.
Looking at the altcoin, its recent performance is indeed not optimistic. Bitcoin rises, and it follows suit to some extent. The fluctuation amplitude of the altcoin is definitely more exaggerated than that of Bitcoin. The expected supplementary rise has not yet arrived, and we can only hope that the market situation can catch up and fill this round of space.
Operational suggestions:
Buy Bitcoin around 91,500, target 93,000, and continue to look upwards if it breaks through.
Buy the altcoin around 3,070, target 3,150, and look for 3,200 if it breaks through.
Classic flavor is for reference only, specifics depend on actual performance. #BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH