Bitcoin is approaching the 100,000 mark with consecutive upward movements. Strangely, many "experts" are shouting that Bitcoin has peaked. However, I remember when Bitcoin was at 85,000, it consolidated sideways for a week, and then broke through 88,000 with a brief pullback within two days. Some asserted that 88,800 was an insurmountable position for Bitcoin in a Bear Market. Bear Market? I also remember when Bitcoin fell to 74,460, the "experts" claimed that Bitcoin would crash, while those trading contracts shouted all the way down, feeling good about it. Yet, Bitcoin is now about to break through 95,000 and is closing in on 100,000. Clearly, many people will wake up this morning to find their positions missing! If one operates without their own planning and thinking, it's better not to trade at all. I have stated clearly before that without a significant reversal, it is better to go with the trend. Also, it is most taboo in trading to be stubborn and inflexible. If it were that easy, then why would we need professional players? The current pullback is also a routine adjustment; just continue to look upwards.

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The higher level has not finished rising, continue to go long on pullbacks! The current market technicals show characteristics of bullish accumulation. In the four-hour level, the price rebounded after the contraction of the running channel, with increasing volume arranged and moving averages rising consistently. After recovering in the small cycle, a substantial rise was formed, with limited pullback strength and a healthy volume-price relationship, supporting the continuation of the bullish trend from a technical perspective. Although the running channel at the daily level is contracted, the pullback is weak; bullish volume continues to be released, and no reduction is observed in the phase of consolidation. The moving averages are oscillating and organizing, leading to small cycle fluctuations, but space is limited. The pullback is merely a further accumulation of strength, and the technical structure of the bulls remains intact, with an enhanced bullish outlook for the future. Therefore, the strategy should focus on going long at low positions, with attention to the breakout after the volume expansion following the four-hour level channel contraction and the stabilization signal after the daily level pullback does not break key support.
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Bitcoin surged to 94496 in the afternoon before pulling back and correcting, with a low of 93246. After several consecutive days of rising, a slight pullback in the price is to be expected. Given the current continuous upward movement in various structures, we can view any pullback as a correction, with the overall price hovering around 93500, showing no further breakdown. This is a strong proof of the bullish trend. Therefore, once the subsequent correction ends, we remain optimistic about the upcoming breakout. In the current structure, each pullback presents us with an opportunity to enter a long position. After the adjustment is completed, the market will return to a strong upward rhythm. On the four-hour chart, although the current upward movement is facing resistance at the upper track, a short-term pullback is also possible. However, after the pullback, we are still in a situation of probing new highs. In the evening, there may be a short-term pullback initially, but it may stabilize and recover, so we should operate by locking in positions gradually.
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