The bull market has arrived, and pullbacks are just opportunities! The foundation of speculation is to follow the trend in the short term and adjust for the main time window; just getting one right can lead to big profits, but if the direction is wrong, all efforts are in vain. If the direction is correct, you can achieve twice the result with half the effort; once the trend changes, we always turn around in time and act in accordance with the trend. It's important to remember that the market is always right; it depends on how we grasp it. Do not risk everything against the trend, or you will ultimately be severely punished by the market.

12.2 Evening Analysis

From the daily chart, Bitcoin has been forming small doji candlesticks for several consecutive days, indicating that the market has established a range-bound pattern between 9.5 and 9.8.
Although the price can remain above the MA5/10-day moving averages, it has not yet had the opportunity for a significant upward movement.
On the 4-hour chart, Bitcoin's price has retraced to the MA30-day moving average, and attention should be paid to the loss of this line during the day.
At the same time, the 1-hour chart has also retraced to the MA256-day moving average, which was repeatedly mentioned in last week's analysis article as the line around which contention would occur.

Old Wang's analysis suggests that Bitcoin should retrace to around 94200-93500, with a target of approximately 96000—97500.

Auntie suggests a retracement to the 3560-3520 region, with a target of 3630-3680.