New highs keep coming, don't be at the top, a pullback is just a chance to pick people up!
With the market behaving like this, there's no need to say much! Just one word: more; two words: buy low; three words: pullback to buy! On the 4-hour chart, we can see that it's in an upward trend channel again, going short feels like being a dog, trembling. Midnight shorts lost a bit, the low buy at 91000 didn’t get on board, and the pullback at 91300 stopped the drop. So now just adjust a little, or else fear of not being able to get on!
Looking at the daily K line, the MACD shows signs of a top divergence, the bullish energy value is shrinking, KDJ has a death cross pointing down, the indicators always show overbought, but the price keeps soaring. However, if we look at the larger weekly K line, the Bollinger Bands are wide open, and the price remains strong above the upper band, so there's a significant element of temptation to short, especially with new highs every day, while the pullback lows are continuously rising. Better to buy low than to guess the top and short.
Pullback to 91500 to start a position, buy more around the 4-hour mid-band support near 91000 which is also a low buying position; next is around 90500. During the day, focus on these three positions to buy and look bullish! The upper targets are 92500, 93500, and 94500, with a defense at 89500#市场围绕90K $BTC .