Analysis Perspective: Technical Aspect

Looking at the four-hour candlestick chart, Bitcoin has experienced a typical V-shaped reversal. The price rebounded quickly after breaking through the lower Bollinger Bands after falling in large volumes, forming a clear long lower shadow pattern, which is usually a signal for strong buying at the low level of the market.
Currently, the technical analysis shows several positive signals: the lower band of the Bollinger Bands is starting to move upward, and small body candlestick combinations are appearing in the low range. These indicators collectively suggest that bullish momentum is gradually building up. At the same time, there is a noticeable narrowing trend in the Bollinger Bands channel, indicating a potential upcoming upward breakout.
Trading strategy suggestions:
1. Entry Timing:
- Investors with a high-risk appetite may consider entering the market at the current price to go long.
- It is recommended that those with lower risk tolerance consider positioning in the range of 103000-103500.
2. Target Price:
- Preliminary target range 105500-106500
- If successfully breaking through this range, you can continue to hold and wait for a higher price.
3. Risk Control:
- It is recommended to set the stop-loss point uniformly below 102500.
- Strictly enforce the stop-loss discipline and reasonably control the position size#Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars #Gate Red Bull Racing Tour #Gate Alpha New Listings