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Intraday Bitcoin volatility is not large, but the opportunities provided are indeed numerous. After several dips in the morning to solidify the foundation, Bitcoin maintained a sideways upward trend, reaching a new high near 82,800 in the evening. It then faced resistance and pulled back, currently oscillating around the 81,500 level. Throughout the day, we adhered to a cautious approach, repeatedly reminding everyone to confidently expect Bitcoin to break out of its rapid ascent. All the strategies given have been accurately validated, perfectly aligning with this round of upward momentum. Friends who follow the market closely should have securely grasped this wave of market sentiment.
From the current market situation, we can see that Bitcoin's wave structure is clear and complete. After reaching a new high during the evening's breakout phase, it faced resistance and pulled back. Although it has retraced more than half of the intraday gains, it remains within the normal technical correction range of an ongoing upward trend and has not damaged the core wave structure. On the four-hour chart, while the market is oscillating along the upper band of the Bollinger Bands, it has not yet achieved an effective breakout. Coupled with diminishing volume in the wave structure, there is a short-term need for a pullback to confirm support and consolidate strength. Therefore, it is not recommended to chase high around the Bollinger upper band; instead, focus on dips and lower entries.
Bitcoin: 80,800~81,200 with a wave structure, aiming for 83,000.
Auntie: 2,320~2,340 with a wave structure, aiming for 2,440. $BTC #比特币站稳8万关口 $ETH