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When the market falls into panic and everyone is selling, it is the best time for the brave to get on board. While others are fearful, I am greedy. By holding firm in the darkness, one can welcome the first ray of sunlight at dawn. All fluctuations in the market are now exposed, and the price is once again being pumped upwards. Yesterday's daily chart closed with a long lower wick bottoming pattern, and the lower wick has lengthened again, demonstrating the strength of support below; today's market continues the rebound trend from yesterday's bottoming, with the daily chart rising steadily, currently moving upward with a small bullish line. In the short term, the momentum for upward breakthrough is still strong, and the demand for breakthrough is clearly visible.
From the structure of the four-hour chart, the tug-of-war trend within the range still continues. Although there were signs of contraction in the Bollinger Bands earlier, this was just an illusion created by the news; currently, the Bollinger Bands have flattened again, the market is above the middle band, and in the short term, the middle band is being treated as support for a second bullish assault. The position at 119500 must be broken through, and for today, the main strategy is to buy on dips. #BTC#