Success depends on human effort, while the outcome is left to fate. The success or failure of a matter primarily hinges on whether you have done your best; the rest is up to destiny. Yesterday, the Bitcoin price retraced to push higher in today's trading session, perfectly validating the bullish outlook from the bottom, with the bulls emerging victorious once again.

Currently, although the price in the four-hour timeframe has risen to around 107,500, it has not broken through the mid-level pressure of our daily chart. The price has since pulled back, indicating that this upward move has not stabilized at the upper range. Now that it has retraced, it is still operating within the intermediate range of 104,000-106,500. Fortunately, the Bollinger Bands on the four-hour level are gradually starting to rise, indicating that the support level is also moving up. This suggests that the price will have the momentum to continue pushing higher. For now, it is just moving in a range-bound upward pattern.

In summary, the overall trend remains slightly bullish, so we should continue to focus on buying low during the day. We can look to gradually buy in the range of 105,000-104,600, with a target of breaking through the daily level around 107,200, which would allow for further upward movement towards 109,000.

Follow the public account, for the only solution to worries is Jiang Wei, a treasure analysis blogger with high emotional value. He shares trading education for free, bringing stability and clear guidance in the turbulent trading market, navigating through three cycles of bull and bear markets and years of practical trading experience. He specializes in naked K, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analyses, culminating in his unique insights.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。