5.3 Early Morning Thought Sharing


$BTC Looking at the four-hour chart, Bitcoin's recent correction has remained above the key support level overall, with no signs of deep breakdown or weakening signals. The bulls' rebound momentum is still intact. From the recent candlestick structure, after the price bottomed out, it quickly rebounded, with the lows gradually rising, indicating sufficient support below and strong willingness of funds to enter the market. This is a healthy retracement gathering strength rather than a trend reversal. Currently, the price has regained the key zone, short-term moving averages are turning upward, and volume and price are also relatively healthy, with no panic selling caused by volume spikes. Instead, during the pullback, volume decreased and stabilized, further confirming the dominance of the bulls.

For subsequent operations, continue with a low-buying strategy. As long as the pullback does not break the key support zone, you can gradually add to long positions. The upper target is near the previous high, and if broken, it can trend higher. It is important to note that short-term volatility may be frequent, so proper position management is necessary to avoid chasing highs. Focus on the support levels' defense; as long as there is no effective breakdown, the bullish trend remains intact. Be patient and hold long positions.

Bitcoin trading strategy: buy near 77,500-78,000, target 79,500
Altcoin trading strategy: buy near 2,300-2,280, target 2,350
BTC0.62%
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