Bitcoin Pullback: A Bullish Opportunity? Today's Guide

Family, the recent Bitcoin market has truly been a love-hate relationship! Yesterday, Bitcoin pulled back to the four-hour midline support without breaking it, then rebounded after reaching the 88100 mark, and has now slightly retraced for adjustment. The overall trend has clearly entered a consolidation phase. For this kind of movement, it should be a blessing for many; you could say this trend is like a doge sending us an ATM machine. Now is the time to seize the opportunity and take as much as you can; don’t wait until it’s too late to regret. Let’s analyze the upcoming trading strategy!

Yesterday, I arranged a bearish position at the 88000 level and then a bullish position at 86200, with countless opportunities in between. This move was astonishing and resulted in a perfect victory. Now, let’s look at today’s pre-market analysis: the four-hour midline support has held. With effective midline support and clear rebound signals, we continue to look for a main bullish pullback.

For the pullback in the 87000-86600 range, we will gradually look for bullish positions, targeting first at 89000. If we can break the high point, we can expect to challenge the 89000-90000 range. Let’s go!

⚖️ In a consolidating market, focus on low buys. We are currently in a consolidation phase, so it is recommended to buy low and sell high. Do not chase at high levels. Approach the market rationally.

Follow the public account, for what can relieve worries, only Jiang Wei. A treasure analysis blogger with high emotional value, sharing trading education for free, bringing stability and clear guidance in the restless trading market, with experience through three rounds of bull and bear markets and years of practical trading experience. Proficient in naked K, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analyses, gathering into unique personal insights.

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