Yesterday, Bitcoin's price broke through and continued to face pressure, with a minimum pullback to the 10,300 level, then it stopped falling. Fortunately, it did not break down further and continued to pull back. Otherwise, there would be few buyers in the market. After another dip, it continued to rebound, and the current price is around 102,300, fluctuating. The price trend is currently in a consolidation phase, with many opportunities for both bulls and bears.

In the four-hour technical structure, the Bollinger Bands are opening downwards, and the K-line is operating between the middle and lower bands. For the price to break through, it must stabilize above the pressure point of the middle band. Fortunately, the indicators are now showing a bullish conversion, but unfortunately, it is not an entity, indicating an upward trend; however, the volume is not enough to support a direct price increase. In the short term, there are still signs of a tug-of-war, so I remain optimistic about a pullback and bullish outlook for the day.

You can consider a bullish position in batches around 101,600-101,300, targeting around 105,500. These points are for reference only; if there is profit potential, you can gradually reduce your position as you look upward.

Follow the public account, "How to 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 volatile trading market, with experience through three cycles of bull and bear markets and years of practical trading experience, specializing in naked K, trends, Dow Theory, Gann, harmonics, Chan Theory, Elliott Wave Theory, and other technical analyses, culminating in unique personal insights.

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