If you are heading in the wrong direction, then listen to what I have to say next: cutting losses is not giving up, but a clear exit. Only by freeing your hands can you welcome better gifts.

Bitcoin surged overnight, reaching a high near the 96500 mark. The bulls have returned strongly, and there has been a bullish outlook around the bottom recently. Yesterday, the outlook was bullish for the 95000 mark, which was perfectly reached.

The four-hour structure shows continuous upward price movement, directly breaking through the previous pressure point at 94700. It is now stabilizing above, converting pressure into support. With the trend established, a pullback can be viewed as bullish.

On the intraday level, the U-shaped reversal has broken through the previous pressure, and the Bollinger Bands have started to turn and gradually move upward. The MACD indicator shows that the bulls are starting to gain momentum, indicating an overall bullish price trend. A pullback is a signal to go long.

A decline near 94800-94500 should continue to be viewed as bullish, with targets looking towards breaking 96500 and aiming for the 98000 mark. The points are for reference only.

Follow the public account, "How to Solve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value. Free trading education is shared, bringing stability and clear guidance in the restless trading market, navigating through three cycles of bull and bear markets and years of practical trading experience. Proficient in naked K, trends, Dow theory, Gann, harmonics, Chande theory, wave theory, and other technical analyses, culminating in unique personal insights.

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