BTC's trend yesterday showed a decent upward movement. Looking at the four-hour chart, the structure formed a W top and rebounded near the neckline after a retracement yesterday, further confirming the support. Currently, the price is hovering around 98,000 yuan, in terms of indicators, the Bollinger Bands are oscillating upward with three lines, and the MACD indicator shows that the DIF and DEA lines are steadily running above the zero line. The buying volume continues to increase. In my opinion, there won't be many opportunities for a significant pullback at this level, and it is likely to consolidate around 98,000 yuan to consume the enthusiasm for this retracement before continuing to push higher.
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BTC's trend yesterday showed a decent upward movement. Looking at the four-hour chart, the structure formed a W top and rebounded near the neckline after a retracement yesterday, further confirming the support. Currently, the price is hovering around 98,000 yuan, in terms of indicators, the Bollinger Bands are oscillating upward with three lines, and the MACD indicator shows that the DIF and DEA lines are steadily running above the zero line. The buying volume continues to increase. In my opinion, there won't be many opportunities for a significant pullback at this level, and it is likely to consolidate around 98,000 yuan to consume the enthusiasm for this retracement before continuing to push higher.
Weekend View: BTC98100 long, looking at 100100. Defend 1000 points, #BTC #ETH