Friday afternoon, after the washout, the market is consolidating, participate within the range

After a significant washout, Bitcoin has once again entered a consolidation phase. The purpose of the washout by the manipulators has been achieved; however, this type of washout strategy has been tough on some retail investors, who have been caught in a cycle of surprises and shocks. Those who understand when to take profits have fared better, while greed can lead to irreversible losses. Therefore, no matter how turbulent the market is, risk control must be well managed; even small gains are still gains, and losses can be minimized.

Returning to the market, after a sharp decline, there was a quick rebound, with bulls regaining most of their lost ground. The overall trend shows a bottoming recovery, and the main structure still leans towards bullishness. On the daily chart, after a lower pin bar, a bullish candle has emerged, indicating that a bottom has formed. The deep decline has not caused the Bollinger Bands to trend downward, which is sufficient to indicate that the overall direction remains bullish. In the 4-hour chart, after the price broke below the middle band, it has now exhibited a series of bullish candles, stabilizing above the middle band, though there hasn't been much continuation. In the short-term 1-hour chart, the oscillation and repair of sentiment are quite evident, so at this moment, we should not look for a one-sided trend; participation within the range is sufficient!

Currently, the short-term resistance is at around 99,000, and the support is at around 97,000. As long as the range holds, participate around these high and low points. Even a small gain is still a gain, as long as it reaches the table, good luck to everyone!