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A temporary sideways movement is not stagnation, but accumulation and consolidation; after enduring repeated oscillations, breaking through the pressure point, all persistence will turn into a surprising reward.
Currently, the intraday range of Bitcoin: high point 78,182, low point 77,100, intraday volatility exceeds 10,000, the price stands firmly above the middle band 77,732, the middle band has turned upward forming strong support, the lower band continues to rise, the bullish space is fully opened, the upper band resistance level is 78,356, and after breaking through, it will directly challenge the previous high of 79,444.
After probing the bottom at 74,639 earlier, a wave rebound was formed, and after a pullback to accumulate strength, a large bullish candle rebounded again, with the short-term bottom gradually rising, and the bullish momentum is extremely strong.
Pullbacks are good entry points, linked with BTC forming a perfect bottoming and rising structure, with the short-term bottom steadily rising, and the pullback strength very weak.
The Bollinger Bands channel has turned upward, the price stands above the middle band support, support layers are rising, and the upward pressure space is fully opened.
The short-term Bitcoin correction and shakeout are completely finished, the 4-hour chart has already formed a clear reversal upward structure, all technical indicators are resonating bullish, funds are in place, and the bearish force is basically exhausted.
The bear market has temporarily paused, and the bullish trend is re-dominating the market.
There is no need to blindly guess the top now; following the trend, buying on dips during pullbacks, is the most reliable and cost-effective trading strategy!
Bitcoin: 77,435 bullish, target: 78,940
Ethereum: 2,283 bullish, target: 2,410