Good morning, friends. Early this morning, the cryptocurrency price continued to rise and broke through recent highs, testing above 94,700. Subsequently, the price experienced a certain correction and recovery. After the US stock market closed, the market smoothly entered a consolidation and correction phase. Currently, the price is fluctuating narrowly around the 94,000 level. The bullish outlook I shared with everyone last night and early this morning has been precisely fulfilled again. Our strategy has always been to provide forecasts in advance, never post-hoc. Our live trading students have naturally followed the strategy and achieved very good returns. For those who haven't been able to grasp the market recently, why not follow Zhi Yu's rhythm and give it a try? After all, in the crypto world, choice is always greater than effort.
Looking at the four-hour chart of Bitcoin, the price has shown continuous strong upward movement, repeatedly hitting new highs and approaching the 95,000 level. Although there has been some correction, the trend of the price staying near the upper band has not changed significantly. The current candlestick closing in red is just a technical correction after a sharp rally. The Bollinger Bands are expanding upward, and the overall upward trend and structure remain stable. Once the correction and consolidation end, we will maintain our bullish outlook.
In the short-term hourly chart, after three consecutive red candles, the price entered a phase of alternating red and green sideways consolidation. Although the bullish momentum on the hourly level has weakened somewhat, this sideways movement is mainly to prepare for further upward exploration in the future. It is just a phase of accumulation, so our short-term strategy remains focused on buying on dips.
For Bitcoin, consider buying around 93,500, watch for around 94,500; for altcoins, consider buying around 3,200, and watch for around 3,300.