Bitcoin attempted to rise yesterday but did not break above the mid-line of the daily chart, then faced pressure and fell back. If the price wants to continue to rise, a pullback to build a base is essential. After testing the bottom during the day, it is very likely that the price will break through to new highs.

In the four-hour technical chart, the K-line forms a staircase pattern indicating an upward trend. After each wave of pullback, there will be a rebound upwards, with the low points of the pullbacks gradually rising. Yesterday's pullback was just to facilitate better upward movement later. Now, the Bollinger Bands are starting to converge upwards, and the bearish volume in the auxiliary indicators is gradually weakening, indicating signs of a pullback followed by further upward movement.

During the day, we are still looking bullish around 102800-103300, with the target continuing to look towards 106500. If it breaks through, we will continue to look towards 107500. These levels are for reference only and do not constitute specific investment advice.

Follow the public account, "How to Relieve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value. Free trading teaching is shared, bringing stability and clear guidance in the restless trading market, traversing 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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