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Success depends on people; planning depends on heaven. The outcome of a matter primarily depends on whether you do your best, and the rest is left to fate. Yesterday, Bitcoin's price retraced to the white trading session today, then surged higher. The bottom bullish outlook was perfectly validated, and multiple forces have now gained the upper hand.



Currently, on the four-hour chart, the price is around 107,500, but it has not broken through the midline resistance of the daily chart. The price then pulled back, indicating that this rally has not stabilized above the step zone. It is now in a middle stage, operating within the 104,000-106,500 range. Fortunately, the Bollinger Bands on the four-hour chart are gradually rising, indicating that the support levels are moving higher. This suggests that there is still momentum for the price to continue pushing higher. For now, the price is just oscillating within a range with an upward trend.

In summary, the overall trend remains bullish. Intraday, it is advisable to focus on buying dips, with a phased bullish outlook around the 105,000-104,600 range. The target is to break through the daily level at around 107,200, which could lead to further gains toward 109,000.
BTC-4.38%
ETH-8.92%
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