From the current market data, after the price dipped to the 106,500 support level yesterday and quickly Rebounded, it broke through the 110,000 psychological barrier again and is now stabilizing around 109,000. Support levels are gradually moving higher, and the downward pressure continues to narrow, while the upward space is gradually opening. The bullish momentum remains strong, and the overall trading strategy remains focused on buying on pullbacks.



From the four-hour chart, the Bollinger Bands continue to maintain a range-bound oscillation pattern. The current price has effectively broken through the middle band resistance, with candlesticks showing a series of bullish advances; the MACD indicator indicates that the bullish signals are becoming more stable. Along with gradually increasing volume, the KDJ indicator has formed a golden cross and continues to diverge upward, further confirming that the current bullish momentum dominates.

In terms of strategy, it is recommended to maintain a low-buying approach, paying attention to opportunities for entry after pullbacks.

Trading suggestion:
BTC: Consider buying around 109,500 with a target of 112,000.
This is not investment advice!
BTC0.98%
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