Bitcoin and Bitcoin Midday Trading Strategy

Trading Suggestions: #BTC #ETH

Bitcoin: Buy around 91000-90800, target around 93000

Bitcoin: Buy around 2970-2950, ​​target around 3100

After Bitcoin tested the key support level of 87005 last night, it launched a strong rebound in the midnight session, reaching a high of 92273, a short-term gain of over 5000 points! Bitcoin followed Bitcoin's strong performance, starting a one-sided upward trend from the low of 2780, reaching a high of 3034 before encountering temporary resistance, showing a bright intraday performance!

From the current chart, the daily chart shows a clear bottoming and rebound pattern. After consecutive negative closes, the market ushered in a strong rebound with a large positive candle. The bulls not only successfully recovered most of the previous losses, but also achieved a breakthrough and stabilization above the Bollinger Band's middle line. From a technical perspective, all indicators are simultaneously forming a bullish alignment and extending upwards, with trading volume effectively expanding, successfully reversing the previous weak trend and clearly confirming a market bottom. On the four-hour chart, the market exhibits a strong, one-sided upward structure, with the upward trend line intact and the overall bullish pattern unchanged. Although the price has temporarily paused and slowed down, entering a short-term consolidation phase, this has not disrupted the upward momentum. "Buy on dips" remains the core trading strategy. In the short term, prices may experience a slight correction, but this is a healthy adjustment within an upward trend. The essence of the pullback is to accumulate bullish momentum and digest short-term profit-taking. After the consolidation ends, the bulls are expected to gather strength again and launch a new round of upward attack, continuing the current strong rebound.