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If your direction is wrong, then listen to what I have to say next: stop-loss is not giving up, but making a clear-headed exit. Freeing up your hands allows you to welcome better opportunities.
Bitcoin surged overnight, rebounding near the 96,500 level. The bulls have returned strongly, and recently, the outlook has been bullish around the bottom. Yesterday, the target was the 95,000 level, which was perfectly reached.
The four-hour structure shows continuous bullish candles, directly breaking through the previous resistance at 94,700. Now it is stabilizing above that level, turning resistance into support. With the trend established, a pullback to look for further gains is a good strategy.
On the intraday level, the U-shaped reversal broke through the previous resistance, Bollinger Bands are starting to turn and move upward gradually, and the MACD indicator is showing increasing bullish momentum. Overall, the price trend is leaning bullish, and a pullback signals a buying opportunity.
A pullback around 94,800-94,500 continues to look bullish, with targets aiming for a break above 96,500 and heading towards the 98,000 level. These levels are for reference only.