Bitcoin
Long

Current BTC Trend Analysis and Trading Recommendations

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The daily candlestick chart of BTC shows a three - day consecutive bearish retracement, having fallen back to the vicinity of the starting point of the previous pinbar rebound and currently remaining in a recent low - level sideways consolidation zone. However, the 4 - hour trend is pressured by the middle band of the Bollinger Bands, staying within a downward channel and forming a rebound - retracement wave pattern.

For short - term strategies, anticipate a further retracement first. Long positions should be initiated only after the support level is confirmed valid. This retracement represents a necessary consolidation phase before the bullish trend continues, and the current adjustment range does not pose a substantial threat of trend reversal to the overall uptrend. With the core upward trend intact and the direction remaining clear, BTC is expected to resume its upward momentum after a brief consolidation. The operational approach remains to go long on retracements.

BTCUSD
buy@103500-104000
tp:105500-106500

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