BTC Bitcoin Today’s Long Position Open Strategy

1. Core Market Analysis

1. This morning, the price completed a secondary dip and rebounded. After receiving strong support near the lower Bollinger Band at 76,903.2, it quickly bounced back, currently re-establishing above the middle Bollinger Band at 77,137.4. The short-term bearish momentum has been exhausted, and the bullish trend is once again dominating the market.

2. The upper Bollinger Band at 77,350.7 and the previous high at 77,380 serve as strong intraday resistance levels. The current price still has clear upward room; the middle Bollinger Band at 77,137.4 is the key support for the bulls, crucial for trend continuation.

3. Recently, the candlestick charts have repeatedly shown long lower shadows, indicating very strong buying support below. The pullback space is significantly compressed, with sustained buying strength, and upward momentum remains intact.

2. Trading Recommendations

Entry: 76,500 - 76,000
First Target: 77,500
Second Target: 78,500 (Caution advised; should be combined with increased trading volume, take profits gradually)

3. Core Logic for Going Long

1. Bollinger Band Momentum Verification: After the Bollinger Bands shifted from a widening to a narrowing and flattening, today’s signs of the middle band turning upward and the upper band opening away from the middle band indicate that market volatility has shifted to a bullish dominance, gradually opening up upward space.

2. Healthy Support Zone: The current price is trading above the middle Bollinger Band, in the most healthy bullish zone between the middle and upper bands. As long as the support at the middle band is not effectively broken, the upward trend will remain intact.

3. Buy Support Confirmation: Multiple dips have been quickly pulled up, showing very strong buying support below. The bearish selling pressure is rapidly absorbed, making pullbacks opportunities for low-cost buying, and the bullish trend’s continuation is clear.