The market has been holding up well, and the long entries have been very well-timed. After Friday’s rally ran into resistance, the market gave us another pullback and test of the lows this morning. Bitcoin pulled back again to around 80,800, but the opportunity was brief, and prices quickly rebounded. The price is now back near 81,600, testing resistance overhead.
As for our outlook, we remain firmly bullish. For short-term pullbacks, look for a buy-the-dip entry around 80,800. The technical structure is still in a recovery phase, with no strong catalyst for a decisive market breakout yet. On the four-hour chart, after briefly testing the lower Bollinger Band, the market rallied sharply to near the middle band. The three Bollinger Bands are converging, suggesting price is likely to move within a range. Given the short-term market conditions, holding positions may take some time. If you followed our bullish outlook, you can simply continue holding your position as usual.
#萨尔瓦多比特币持仓突破7800枚 $BTC #比特币突破8.2万美元 $ETH
As for our outlook, we remain firmly bullish. For short-term pullbacks, look for a buy-the-dip entry around 80,800. The technical structure is still in a recovery phase, with no strong catalyst for a decisive market breakout yet. On the four-hour chart, after briefly testing the lower Bollinger Band, the market rallied sharply to near the middle band. The three Bollinger Bands are converging, suggesting price is likely to move within a range. Given the short-term market conditions, holding positions may take some time. If you followed our bullish outlook, you can simply continue holding your position as usual.
#萨尔瓦多比特币持仓突破7800枚 $BTC #比特币突破8.2万美元 $ETH