Bitcoin is slowly rising, bulls are gradually recovering the decline, and the highs are being gradually broken. Although the pace is relatively slow, the direction is not an issue. During this time after the big drop, we are bullish from the bottom up. Students are enjoying big harvests.
In the four-hour structure, the price after bottom probing the lower track made a big bullish candle, directly soaring from the lower track to the upper track. Now it is oscillating up with small bullish and bearish candles, accompanied by a back-and-forth rise. The upper track is also being gradually pushed open, and Bollinger Bands are gradually opening upward. In the short term, the price experiences fluctuations, but the ascending channel is opened, so a pullback can still be viewed as bullish.
On the daily level, the price also made a bullish candle after probing the lower track, then formed a doji candle with a long lower shadow, followed by two bullish candles moving higher. Now it is maintaining a pull on the middle track. Why is this happening? After all, it belongs to a large-scale pressure test. If the middle track breaks through and stabilizes above today, then the subsequent price will definitely test the upper track, which is currently the 66,200 mark. For now, it is still maintained as low and bullish.
It is recommended to be bullish in batches around the bottom area of 64,050-63,700, aiming to break through to 65,200 and target 66,200. Anyway, everyone can exit based on their own situation.
Follow the public account for solutions to worries; only Jiang Wei can help. A treasure analysis blogger with high emotional value, sharing trading education for free, brings stability and clear guidance in the restless trading market. Through three rounds of bull and bear markets and years of practical trading experience, proficient in naked K, trend, Dow theory, Gann, harmonic, Chan theory, wave theory, and other technical analyses, compiling into unique personal insights.
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