1.5 Thought Analysis:

In the past two days, bullish sentiment has fully returned, with funds continuously flowing in, boosting market enthusiasm. Bitcoin has been strongly advancing towards the 98,000 level, reaching a high of around 97,900 in the early morning before a technical pullback. It is now oscillating at a high level around 97,000, highlighting a strong trend.

From a technical perspective, Bitcoin has completed a bottoming rebound, and the short-term bullish pattern is fully established. On the 4-hour chart, the candlesticks are aggressively attacking along the upper band of the Bollinger Bands, with only small bearish candles during pullbacks, and each decline is quickly absorbed by the bulls. The Bollinger Bands are clearly opening upward, the moving averages are in a standard bullish arrangement, and volume and trend structure are strengthening simultaneously. The short-term trend remains bullish.

However, it is important to remind everyone that the price is now approaching the confluence of the previous high and psychological resistance levels. The market shows signs of stalling at high levels, and blindly chasing longs significantly increases risk. Trend-following does not mean entering blindly; even in a strong market, one must grasp the rhythm. It is best to wait for a pullback at high levels or for emotional release to subside, and after the price stabilizes during a decline, then follow the trend to go long at lower levels. This is the safest and most profitable approach in a strong market. Chasing highs will only give away money to the market for free.

Big Bull Suggestion: Around 97,000-97,600, with a target of 96,000-95,000.

Second Bull Suggestion: Around 3,360-3,400, with a target of 3,260-3,160. #GateTradFi上线 #中文Meme币热潮 #GateLaunchpadIMU