Good morning everyone, Bitcoin benefited from the strong breakout of the CPI bullish momentum, directly breaking through the monthly line resistance and continuing its upward trend, reaching around 96,600. The short positions set up yesterday were unfortunately pressed down and rubbed on the ground. Currently, the price is slightly under pressure and pulling back. At present, Bitcoin has stabilized around 95,300 and is consolidating in a range.
From a technical perspective, the daily chart shows a large bullish candle that directly penetrated the upper Bollinger Band, indicating strong short-term bullish momentum; the 4-hour chart shows continuous upward candles, opening a bullish pattern. The Bollinger Bands are expanding outward, and the MACD has a bullish crossover with increasing volume, clearly indicating an upward trend. The core operation idea is to follow the trend and go long.
✅ Morning Bitcoin trading suggestion: Buy in batches around 95,000/94,300 on pullbacks, with targets at 97,000-98,000. $BTC $ETH
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1.14 Wednesday Morning Bitcoin Layout Strategy
Good morning everyone, Bitcoin benefited from the strong breakout of the CPI bullish momentum, directly breaking through the monthly line resistance and continuing its upward trend, reaching around 96,600. The short positions set up yesterday were unfortunately pressed down and rubbed on the ground. Currently, the price is slightly under pressure and pulling back. At present, Bitcoin has stabilized around 95,300 and is consolidating in a range.
From a technical perspective, the daily chart shows a large bullish candle that directly penetrated the upper Bollinger Band, indicating strong short-term bullish momentum; the 4-hour chart shows continuous upward candles, opening a bullish pattern. The Bollinger Bands are expanding outward, and the MACD has a bullish crossover with increasing volume, clearly indicating an upward trend. The core operation idea is to follow the trend and go long.
✅ Morning Bitcoin trading suggestion: Buy in batches around 95,000/94,300 on pullbacks, with targets at 97,000-98,000.
$BTC $ETH