Good afternoon everyone,

It has been almost a week since I last updated everyone, and I’m sure you are all anxious. Without further ado, let’s analyze the overall trend of BTC.

The price of Bitcoin is currently showing a consolidation pattern. Yesterday, the price first retraced and then rose. The recent high point above is under pressure at the 94588 level. The price is maintaining movement within the upper and lower bands on the four-hour chart, currently operating in the upper-middle band. The Bollinger Bands are opening upwards, and the MACD indicator is turning, indicating that the bulls are starting to gain momentum, with more room to the upside. Therefore, we maintain a bullish outlook for the day.

For the retracement in the 91600-91100 range, we look to buy in batches, targeting the 94500 level.

Follow the public account, "How to Relieve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value. He shares trading education for free, bringing stability and clear guidance in the volatile trading market, with experience spanning three bull and bear cycles and years of practical trading. He specializes in naked K, trends, Dow theory, Gann, harmonics, Chande, Elliott Wave theory, and other technical analyses, compiling them into his unique insights.

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