The price of BTC during the trading hours this morning touched the 107500 area and began to rise unilaterally, reaching a peak of 111679! This is indeed very strong momentum, with almost no pullback, indicating that a large number of people are accumulating chips in this area! I emphasized yesterday that if the price really reaches the 96000 area, it is completely possible to get on board with Spot, because we cannot say we are entering a deep Bear Market. I also mentioned last week that Ether and BTC have a depth pullback, which does not mean we are heading back to a Bear Market; you can refer to the Silk Road I have been posting! As for the current hourly chart in the evening, consecutive bullish candles are driving the price up. The rise definitely indicates that long positions are being released, causing a pullback. The BTC trend has a relatively larger floating space compared to Ether, and the daily chart is currently oscillating within a deep trading range, still belonging to the bottom. The 4-hour consecutive bullish candles are driving the Bollinger bands to open, which is still in the higher trade volumes stage; being bullish is undoubted! I suggest operating in the 109600-109800 area, taking a small position, and targeting to reduce position at the intraday high!

BTC1.42%
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