The foundation for Bitcoin bulls remains intact, and a pullback is a great opportunity to enter!
Looking at the 4-hour chart of Bitcoin prices, it is closely following the middle Bollinger band, and the upward trend remains solid. The MACD dual lines firmly stay above the zero axis, rejecting a death cross, with bulls still in control; although buying pressure has slightly eased, the downward momentum is nearly exhausted. The KDJ indicator is about to form a golden cross at a low level, which is a signal for a rise! Although there is some selling pressure above, this is precisely the strategy of the main force to wash the盘.
You can go long around 88000 and 87500. The target is at 90500; if broken, continue to look towards 92500.
