Thursday, 12.5: Do not chase highs, beware of pullbacks!

Overnight, there was a strong rise from the 94500 line, with bulls charging ahead, reaching nearly 99000, successfully breaking through the upper boundary of the previous trading range, showing extremely strong momentum.

The daily chart recorded a large bullish candle, demonstrating abundant bullish momentum; on the 4-hour chart, the Bollinger Bands have opened significantly upward, with the K line climbing along the upper band, consecutively forming long bullish candles, indicating a bullish advantage in technical patterns, and all indicators also show strength, indicating a strong bullish atmosphere currently.

However, Bitcoin is currently entering a consolidation mode at high levels; given the significant increase, the risk of chasing highs has surged. From an operational perspective, it is advised to act cautiously, with opportunities to short near 99000 in the morning, targeting around 97000. If the price fails to continue downward and shows signs of stabilizing, then a reversal to long positions can be considered to capture possible rebound opportunities, responding steadily to the current high-level volatility. #BNB创历史新高 #美国合规概念币走扬 #小非农数据创8月以来最低水平 #Layer1公链普涨 #RWA板块普涨 $BTC $ETH