The rise and fall in the crypto world is never a game of luck, but rather a practice of awareness and patience. The fluctuations of Candlestick charts resemble the changing of seasons; the revelry of a bull run hides temptation, while the silence of a Bear Market tempers the character. Only by seeing through the iron laws of cycles can one navigate through the fog of the market. Early yesterday morning, Bitcoin experienced a strong Rebound, with the coin price touching around 91900, and then faced pressure for a pullback. The current price still hovers around 91500, with the overall intraday trend showing a consolidating oscillation.

Yesterday, the market also showed a common oscillation and consolidation pattern, with trading opportunities for both bulls and bears throughout the day. Taking the 4-hour timeframe as an example, the bullish structure still exists. Although the price is under pressure from the upper Bollinger Band, the upward channel formed between the middle and upper bands remains intact, and the middle band support has not been broken. Therefore, we still maintain a bullish outlook. Considering that there has not yet been an effective breakthrough above, it is advisable to wait for the price to pull back to lower levels before placing long positions, which is more prudent. If Bitcoin stabilizes around 91000 and effectively breaks above 92000, we can directly follow with long positions, but be sure to set a stop-loss.

Follow the trend: Changsheng always wins

Operation suggestion:
Bitcoin: around 91000, targeting 93000
Second pancake: around 2950, target price looks to 3200
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