Friday, morning thought analysis, this round of bull market belongs to Bitcoin alone. Last night, Bitcoin continued to rise again, with bulls reaching the 99000 area at their highest. It really pressed down those who shorted, and we can no longer use the previous solid directional logic to trade. Currently, there is no pressure reference above, and the 100,000 mark is not particularly significant, it can only be considered a psychological round number.
So we should not easily predict the top. Once we predict the top, we may have preconceived notions and fall into counter-trend thinking. I emphasized last week that breaking 85000 would open up new space. Before any top signals appear, we should mainly look at bullish trends.
From a technical structure perspective, the daily line has seen four consecutive bullish candles, breaking previous highs with strong volume. A strong bullish candle has closed at a high position, and the structure still shows that bulls are strong, so we continue to see bullish continuation on short-term trades. We rely on the broken high as support, but we are already quite far from it, and strong trends do not go deep; deep corrections do not show strong trends. It is easy to turn into a sideways market. Currently, the structure indicates that bullish performance will still be strong. The previous broken high around 90000 is a critical point of strength and weakness; everything above the broken high is considered a strong market. Morning pullbacks continue to buy and look for continuation.
Morning Bitcoin short-term operation: Pull back to the 97500-98000 area to buy, with a target of 99000-100000!
The state is great, consecutive victories continue, if you can’t determine the long or short, recognize the idea and walk alongside! Let's create brilliance again!