Thursday Afternoon Trading Share

The market has been fluctuating and gathering momentum since midnight, indicating that there is likely to be a big move. As we approach the midday point, the pressure is starting to build. After taking profits from the positions held by Old Zhou, he also pointed out that breaking 75000 would definitely lead to a continuation of a surge, and ultimately the market trend went exactly as Old Zhou predicted, charging straight up to 97900 without looking back. Today, all positions in the ten boards were cashed out.

Analyzing the price on a four-hour chart, after experiencing a sustained strong rise and breaking past previous highs, the market is currently presenting a temporary pause with a relatively long upper shadow being formed. This pause phenomenon still aligns with our previous discussions and should be defined as the unfolding of a corrective structure. However, given the broad upward space reserved above, even a slight pullback may impact the current strong pattern.

In terms of short-term strategy, we need to combine price patterns and closing strength to comprehensively assess the sustainability of market strength. In smaller time frames, such as during the midday period, although the market rebounded after reaching a peak, the pullback space and strength are relatively limited and do not damage the overall strong state. For the subsequent trend, we can observe the continuation of the pullback for short positions and adjust accordingly based on the strength of the pullback, before looking for opportunities to enter positions again.

Friday Afternoon Suggestions

Buy Bitcoin on dips around 96500-97000, targeting 98000-98900.

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