The price of gold is rising steadily, and so is the price of Bitcoin. Looking back to when I first entered the crypto space, the price was less than $3,000, and now the market cap of a single coin is nearly $130,000, almost a 40-fold increase. If there are no buyers in the future market, the price will continue to break new highs, which is an inducement conspiracy. If there are enough funds to take over above, what awaits will be a bottomless abyss, so one should always be prepared for risk control to escape, because no one is a god, and everyone makes mistakes eventually. The reason why Jiang Wei can persist is that the risk control is well done, allowing him to remain in the market.

Back to the main topic, yesterday's market trend saw Bitcoin's price first oscillating back and forth within a thousand points, followed by a strong rebound in the early morning, directly breaking through the four-hour midline and rebounding to around 124,200. Then the price stopped rising and fell below the midline, with the overall price still maintaining a tug-of-war between bulls and bears.

Observing the four-hour technical chart, referencing the historical track of K-line prices, every time a new high is broken, there will be a pullback. After the pullback, a bottom is formed, and then it gathers strength to break the high. Currently, the price is in a normal repair period after breaking the high, so during this short time, don't think about grabbing too large of a one-sided position; it's better to take profits when you see good opportunities. Based on the current trend, a pullback can be viewed for a rebound.

You can look to buy in batches around the 120,800-121,200 area, with a target near 123,800. The points are for reference only; specific operations should be based on real trading.

Follow the public account, to relieve worries, only Jiang Wei can help.

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