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Bitcoin Bullish Long Entry Strategy Today
1. On the evening of April 15th, a bottoming and rebound was completed, leading to a strong upward rally, with the price stabilizing above the middle band of the Bollinger Bands, signaling a trend reversal.
2. The previous high of 75,425.6 serves as a strong intraday resistance level. The current price has room to move higher toward the previous high; the Bollinger middle band at 74,338 acts as a key bullish support level.
3. Recently, the candlesticks have shown dense long lower shadows, indicating strong buying momentum below and limited room for a pullback; the bullish trend continues.
II. Trading Recommendations
First Target:
Entry: 74,500-74,000
First Target: 75,500
Second Target: 76,500 (cautiously)
III. Core Logic for Going Long
Opening Momentum: The upper band (75,184) and middle band (74,338) of the Bollinger Bands are expanding upward, indicating increased volatility and an opening of bullish space.
Support Confirmation: The current price zone (above 74,900) is operating within the upper and middle bands, which is the healthiest zone for long positions. As long as the middle band is not broken downward, the upward trend remains intact.