During the early morning hours, BTC continued its upward consolidation trend. After quickly rebounding from the 92,315 level low, it surged to a high of 94,185, showing a strong recovery in price volatility.
On the daily chart, the price has achieved two consecutive bullish candlesticks, successfully standing above the middle band of the Bollinger Bands and stabilizing there. The technical pattern reflects a bullish-dominated structure. The RSI indicator shows all three lines rising in sync, visually indicating that short-term bullish momentum continues to build. The MACD indicator has formed a golden cross and is extending upward, further confirming the strengthening bullish trend. Overall, the technical structure is positive.
On the four-hour chart, the price has also recorded two consecutive bullish candlesticks. The Bollinger Bands continue to expand, suggesting more room for upside. Although the market is currently consolidating at a high level, this is considered a preparatory phase for a new round of gains, not a sign of weakening bullish momentum.
Based on comprehensive technical analysis, the morning strategy remains to buy on pullbacks, focusing on entry opportunities near the lower support levels to capitalize on the trending upward movement.
BTC: Buy near 91,800-92,600, target 94,500-95,800 #BTC
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GateUser-b0cfe855
· 12-04 02:21
I agree with your perspective; it’s very helpful for my understanding. I hope to make a big profit and enjoy it.
During the early morning hours, BTC continued its upward consolidation trend. After quickly rebounding from the 92,315 level low, it surged to a high of 94,185, showing a strong recovery in price volatility.
On the daily chart, the price has achieved two consecutive bullish candlesticks, successfully standing above the middle band of the Bollinger Bands and stabilizing there. The technical pattern reflects a bullish-dominated structure. The RSI indicator shows all three lines rising in sync, visually indicating that short-term bullish momentum continues to build. The MACD indicator has formed a golden cross and is extending upward, further confirming the strengthening bullish trend. Overall, the technical structure is positive.
On the four-hour chart, the price has also recorded two consecutive bullish candlesticks. The Bollinger Bands continue to expand, suggesting more room for upside. Although the market is currently consolidating at a high level, this is considered a preparatory phase for a new round of gains, not a sign of weakening bullish momentum.
Based on comprehensive technical analysis, the morning strategy remains to buy on pullbacks, focusing on entry opportunities near the lower support levels to capitalize on the trending upward movement.
BTC: Buy near 91,800-92,600, target 94,500-95,800 #BTC