1.7 Early Morning Insights

The day before yesterday, Bitcoin started to rebound, and yesterday, after a pullback, it broke through the 100,000 mark to reach 102,500. Today, Bitcoin is showing strong upward momentum, breaking through resistance with a bullish candle after several days of fluctuations, leading to heightened market sentiment. On the four-hour chart, the Bollinger Bands are widening upwards, indicating sufficient bullish momentum, suggesting a continued upward trend, but it is important to note that the 102,000 resistance level is not stable and may be accompanied by a pullback.

In terms of operations, it is recommended to maintain a high K-line and low D-line strategy to flexibly respond to market fluctuations. Right now, focus on short-term trends, as the US stock market is about to close. The current price has reached near the upper Bollinger Band, and the Bollinger Band channel is overall expanding outward.

At the same time, the MACD indicator shows that bullish energy continues to increase, indicating that there is still upward space in the short term. Furthermore, the RSI indicator reflects that trading volume remains in the overbought zone and is continuously extending, indicating that there is sufficient trading volume to support the market in the short term. Based on the above analysis, our subsequent layout will focus on shorting during rebounds.

Operation Suggestions:

Bitcoin trades around 1025-1018, targeting 1010-1005.

Ethereum trades around 374-370, targeting 365-370. #比特币走势观察 #加密市场反弹 #比特币诞生16周年 #BTC #ETH $BTC $ETH $XRP