Recently, the Bitcoin market has shown a strong upward momentum, with six consecutive Bullish lines rising on the four-hour Candlestick Chart, breaking through the upper band of the Bollinger Bands before experiencing a slight pullback. However, the bearish forces seem relatively weak and have not changed the overall strong pattern.



Despite Bitcoin prices continually hitting new highs, they have yet to break through key resistance levels. Therefore, investors should remain calm and avoid blindly chasing the rise to mitigate risks.

For conservative investors, the best strategy may be to patiently wait for a pullback near the support level before looking for a suitable entry point. This allows for building positions in a relatively safe price range, managing risk while not missing out on potential pump opportunities.

The specific operational suggestions are as follows: consider buying when Bitcoin pulls back to the range of 113,000-113,500 USD, with a target price set around 115,800 USD. However, investors still need to closely monitor market dynamics and adjust strategies in a timely manner.

It is worth noting that the cryptocurrency market is highly volatile, and investors should make decisions based on their own risk tolerance, and should never invest funds beyond their capability. At the same time, diversification is also one of the effective methods to reduce risk.
BTC3.97%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
TommyTeachervip
· 10-01 00:05
It would be great to reach 200,000 soon.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)