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The recent market trend has indeed been strong. Bitcoin has achieved five consecutive days of gains, breaking above the upper Bollinger Band on the daily chart, with the overall pattern expanding and bullish momentum looking solid. Although there was a pullback after an initial surge in the Asian session, leaving a long upper shadow, the decline was not deep, indicating sustained buying support. The US session is likely to attempt another move to fill the gap left in the Asian session.
From the four-hour chart, this upward move has been driven by volume, continuing the upward wave. Although technical indicators are in the overbought zone, this is normal in a strong market—healthy upward trends require moderate corrections to digest heat and solidify the foundation, enabling a more stable and farther-reaching rise later. So, don’t fear recent pullbacks; instead, see them as opportunities to enter.
How to view key support levels? The 91,500 level below is an important recent defense line. If a larger correction occurs, around 90,500 will form a stronger support zone. These two levels, combined with the four-hour moving average system, should withstand downward pressure. In terms of operation, it’s recommended to wait until the price stabilizes at these support zones, then gradually add long positions, following the trend to test higher resistance levels.
Overall, although there may be technical adjustments in the short term, the main trend remains intact—bullish pattern is clear, correction space is limited, and the overall rhythm is still oscillating upward. Stick to the trend-following approach: buy on dips. This phase should be the most reliable strategy.