Thursday morning thoughts on Bitcoin, sellers are weak, and intraday pullbacks continue to be buying opportunities

A piece of news, the market is volatile, and yesterday the market fully rebounded significantly, with Bitcoin rising to a high of 794, maintaining high-level oscillations upward, allowing sellers to pass through despair time and again. Currently, Bitcoin is slightly pulling back, but the strength is limited, still staying above 780.

On the daily chart, another large bullish candle closed, although it has a certain upper shadow, no signs of pullback are seen, and the Bollinger Bands remain expanding upward, with moving averages rising, and all indicators showing a bullish alignment. On the four-hour chart, the overall upward channel remains unchanged, and after a surge to resistance, a series of downward candles pull back, which is a normal correction after the rise. The bullish trend remains, and excessive chasing at high levels is not advisable; a slight pullback in the future is still a buying opportunity.

For early reference, buy in batches in the 778-773 zone, targeting 790-800, and continue to look higher if broken through 820.