After hitting a new high of around $107,777 (#BTC☀ ), there was a slight pullback before continuing to rebound, consistent with yesterday's prediction that the overall trend will be 'first up and then down.' The overnight SEC filing disclosed that #MicroStrategy has continued to increase its Bitcoin holdings, purchasing 15,350 Bitcoins last week at an average of $100,386, which has propelled Bitcoin prices to continue reaching historical highs alongside the US stock index #纳斯达克 .
The daily line reported a medium bullish candle this morning with a small upper shadow. In our article this afternoon, we discussed that there would be a pullback followed by a rebound during the day. The overall strategy remains unchanged: aside from recent highs, there are no historical resistance levels to refer to, and short-term gains and losses should reference yesterday's low point near $103,333. Support can be found around the weekend's pullback low points of $100,610 and $99,212. As long as these levels are not broken, the market is likely to continue in a bullish trend. The trend indicator on the 4-hour level has shown bullish signals since December 12, and it is advisable to consider maintaining a right-side trading strategy focused on buying during pullbacks.
It is expected that the bullish trend will be maintained until the landing of #美联储降息 this week.