#BTC
Bitcoin is currently undergoing a profit-taking/temporary accumulation phase on the smaller time frames (15 minutes), but the overall market structure (4 hours) is very positive and confirms that any pullback is merely a correction before resuming the upward trend towards new highs.
Recommendation: Focus on long positions after the short correction phase ends, or when stability is above the middle band on the 15-minute chart.
Middle band 92080 - 91890
The expected trend is a strong and dominant upward trend in the medium term, but the market is currently undergoing a lateral or slightly downward correction in the short term (15 minutes).
According to the 4-hour analysis, the structural trend of Bitcoin is in a strong and confirmed upward direction.
Price and middle band: The price was clearly trading above the middle band of the Bollinger Bands (91,131.3).
Relative Strength: The Relative Strength Index was positive and healthy at 59.0, supporting the continuation of bullish momentum.
In summary: Any current pullback on the smaller time frames is considered a buying opportunity within the overall upward trend.
The main target after the correction ends is to aim for the upper band of the Bollinger Bands on the 4-hour chart, then break the previous highs.
