Bitcoin's midnight trading continues the high-level oscillation and consolidation pattern. Yesterday, the overall trend showed a sideways decline, with the price dipping to around 89,200 before stabilizing and rebounding. It then entered a slow oscillation and recovery channel. From the current performance, the price has gradually regained ground, with volatility narrowing from late night to early morning, maintaining a narrow range around 91,000. In the short term, the low point at 89,200 has been confirmed, forming a healthy bullish rebound trend. Technical indicators show positive signals: a bullish trend has formed on the four-hour chart, with moving averages showing a bullish alignment and signs of further upward extension. The overall market has broken through a small cycle, and the short-term trend is temporarily strong. Currently, Bitcoin has not entered a very strong unilateral upward trend; future movements will still depend on the breakthrough of key resistance levels. If today's price can successfully break through the previous resistance and decline point, it will indicate that the bulls are entering a strong continuation phase, and upward space may further open. Conversely, if resistance cannot be broken, the market is likely to maintain a "step back with each move" oscillating but relatively strong stance, with prices repeatedly tugging within the current range. Based on this, the trading strategy for the end of this week should focus on buying on dips, relying on previous lows and short-term moving average supports, while remaining alert to the risk of a pullback after a failed breakout.

BTC-1,19%
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BullAndBearBattlevip
· 01-09 01:39
Hold on tight, we're about to take off 🛫
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