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Bitcoin pulled back and accumulated power during the day session yesterday, then rallied strongly in the US session. Continue to buy on dips today.
This round started a sustained uptrend from the low of 57758, with both lows and highs rising in sync, forming a standard ascending channel structure. The long-term bullish trend has not changed.
Yesterday, the short-term quickly dipped to 61297, completing a deep washout, and quickly reclaimed lost ground, proving extremely strong buying support below.
Geopolitical tensions in multiple regions persist, volatility in traditional financial markets intensifies, and a large amount of capital chooses Bitcoin as an alternative safe-haven asset, continuously bringing incremental buying pressure and forming long-term bottom support.
No need to panic over small pullbacks in the short term. The foundation of this uptrend is solid, and the main bullish wave will continue. Pullbacks are entry opportunities to go long.
Entry opportunity: Long near 63100, target 64600-65500 area.