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Good morning everyone. Boosted by CPI data, Bitcoin bullish sentiment has been fully ignited. The price directly broke through the monthly resistance, with a very swift upward pace and good continuity, reaching a high of around 96,600. Yesterday, I proposed a bullish strategy at the 91,000 level; although I didn't hold the position to the top and exited early, I still gained a significant profit.
Currently, the price has pulled back from the high and is oscillating around 95,300. This kind of pullback is not a sign of weakness; it’s just a healthy pause after a rapid rise, and the trend structure remains intact.
Looking at the technicals, it’s very clear: the daily chart shows a large bullish candlestick, directly piercing through the upper Bollinger Band, indicating strong short-term bullish momentum; the 4-hour chart shows continuous upward green candles, with the Bollinger Bands opening outward, and after a MACD bullish crossover, volume continues to expand, showing that funds are really pouring in. The bullish pattern is now obvious.
BTC trading advice: For conservative traders, consider gradually building long positions around 94,300; more aggressive traders should set proper stop-losses and try short positions with small size, aiming to catch the pullback opportunity.