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#数字资产市场动态 Thursday morning session, the bullish momentum has slowed down. It is advisable to wait for a pullback before considering an entry.
Time flies, and half of January has already passed. Today is Thursday, a new day with new opportunities. I hope all traders have smooth trades and maintain a stable mindset.
The recent market movements have been quite strong, with the bulls continuing their offensive and market enthusiasm clearly increasing. Bitcoin surged to nearly 98,000. The upward trend continued into the early hours, reaching a high of around 97,900 before experiencing a pullback. Currently, it is oscillating around the 97,000 level.
From the chart pattern, after completing the bottom exploration, Bitcoin rebounded, and the short-term bullish structure has been stabilized. Looking at the 4-hour chart, the candlesticks are rising along the upper Bollinger Band, with some retracement in between but quickly recovered each time. The Bollinger Bands are clearly opening upward. The moving averages and various indicators all point to a bullish signal, and the overall trend remains strong.
However, there is a concern—signs of slowing momentum are beginning to appear at high levels. Continuing to chase long positions at this point may not yield ideal returns. It might be more prudent to patiently wait for a correction opportunity before re-entering.
**Trading suggestion**: The intraday strategy leans towards waiting for a dip before going long.
You could try to set up short positions in the 97,300-97,800 range, targeting levels around 96,000-95,000. If the price truly reaches these levels but the downward momentum starts to weaken, it would be safer to switch to a bullish stance at that point. $BTC