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The morning bullish outlook has once again hit precisely, with Bitcoin retracing to around 80,651, reaching a high of around 81,716, bulls have given plenty of room for a thousand-point move, the market is so easy to grasp, our low-buy strategy remains solidly effective.
From the 4-hour chart of Bitcoin, the price is currently oscillating at a high level with consolidation, with short-term support from a double bottom structure around 80,600, and the Bollinger middle band support at around 79,700. This area is a recent strong support point and also our final defensive line for long positions. All above are opportunities for us to enter long. The Bollinger bands' three-line opening still points upward, indicating a good bullish trend. In the afternoon, buying on dips remains the top choice.
In the afternoon, Bitcoin can be bought around 81,000 with a target of around 83,000; Ethereum can be bought around 2,350 with a target of around 2,450.