Bitcoin is currently consolidating at a low level. Last night, it started to pull back from the rebound at the 90500 position, hitting a low of 97200, a drop of over 3000 points. This wave of adjustment aligns perfectly with my plan from yesterday, and the target was achieved flawlessly.

Today, the market has rebounded again. Later, we will see if the price can break through yesterday's high of 90500. If it breaks above, then the price will continue to rise during the day. The four-hour K-line formed a long lower shadow after hitting the bottom yesterday, indicating insufficient bearish momentum. Additionally, the K-line is currently showing a bullish engulfing pattern, and the MACD is gradually moving towards bullish momentum.

On the daily level, the price is operating in the middle to lower track. The K-line has turned bullish after touching the lower track, and we are now seeing a double bullish rebound. From the market perspective, the price is likely to test around 92200. Therefore, we are bullish for the day.

You can consider buying in batches in the 89800-89500 range, targeting around 92200. The points are for reference only, thank you.

Follow the public account, "How to Solve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value, sharing trading education for free. Bringing stability and clear guidance in the restless trading market, with experience through 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, culminating in unique personal insights.

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