8.6 Wednesday afternoon trading strategy

The road to success is not crowded, because there are not many who can persevere to the end. When you feel like giving up, please tell yourself to hold on a little longer, because often it is this little bit of perseverance that brings you one step closer to your dreams.

From a technical perspective, the current market trend is highly consistent with previous assessments, and the strategic direction for short-term bullish replenishment was clearly locked in yesterday. Although the pullback depth exceeded initial expectations, the key technical structure remains intact, and the foundation of the bullish trend is still solid. Against this backdrop, the core trading strategy should be unwavering: it is better to firmly hold the bullish position than to blindly speculate about the top.

The stability of the current bullish trend is reflected in three key dimensions. Firstly, from the perspective of structural integrity, although the price has deeply exceeded expectations during the pullback process, it has never broken below the bullish trend line and the previous important low points. The 4-hour chart shows a three-part adjustment structure of "decline - consolidation - rebound," which aligns with the normal correction characteristics in a bullish trend. Notably, near the Fibonacci retracement levels, buying pressure has significantly increased, forming clear technical support.

Secondly, the relationship between volume and price continues to validate bullish momentum. The trading volume at the daily level significantly shrinks during the pullback phase, while it moderately expands during the rebound phase, forming a typical bullish volume-price combination of shrinking volume during the pullback and increasing volume during the rise. The weekly MACD indicator has continued to rise after the golden cross, with red bars continually growing, indicating that bullish momentum is still in the accumulation phase without any exhaustion signals. This volume-price coordination suggests that the current rise is not driven by short-term funds, but rather supported by mid- to long-term funds continuously entering the market.

trading strategy
Buy Bitcoin at 113000-113500, target around 114500.
#BTC