As a local correction after a continuous rise of a strong bullish candlestick, the current space is limited and belongs to a strong horizontal consolidation method. The daily and weekly charts are expected to break higher. Pay attention to the re-expansion after this short pause in the consolidation. The next two days are key time nodes for expansion. The duration of consolidation in a strong market usually does not exceed three. After a strong rise on the 4-hour chart, the bearish pullback is just to gather enough momentum for the next bullish surge, allowing the indicators to be corrected. It cannot be ruled out that there will be continued high-level consolidation in the future, with pullbacks being slight confirmations. Combining with the intraday patterns, observe the strength of the correction. If a strong consolidation correction leads to an immediate rise, adjustments to the long positions need to be made. The main strategy is to maintain a buy on dips.

Operation Suggestions

On Thursday evening, Bitcoin can be bought at 71800-72000, with targets at 72900-73600.

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