7.3 Bitcoin continues to surge, so will today bring us closer to a new high?

CN
11 hours ago

Trading, true calmness comes from inner peace. This peace is unrelated to right or wrong, but rather a sufficient belief in oneself. When the timing is right, one should not be impulsive; when facing losses, one should not be pessimistic. Continuous self-correction is more about instinct than feeling. When observing a certain market trend, one understands how to position themselves. It's akin to driving: pressing the brake, steering, watching the road, and focusing ahead. There is no specific order, no so-called thinking, but rather an instinctive reaction, and trading is the same.

Yesterday, BTC rebounded and recovered the downward space, breaking through recent highs, just a step away from a new high. Now that the price has stabilized above, the upcoming trend is expected to continue testing new highs. At this position, many might want to short, but I advise everyone to be cautious and not pay for their own confusion.

On the four-hour level, the K-line has retraced to the lower support and rebounded, forming six consecutive bullish candles, followed by a small bearish candle, and then the price continues to rise with a bullish engulfing pattern. Overall, the price continues to lean towards an upward trend, so during the day, we continue to look for bullish opportunities.

The reference strategy is to gradually look bullish around the 108600-108400 area, targeting around 110500.

Follow Jiang Wei's public account, for what can relieve worries, only Jiang Wei.

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