December 31 Market Observation: Bitcoin Rebound Not Over, Intraday Buying on Dips Remains the Strategy

In the market, the entire market is in a typical range-bound consolidation.

From the four-hour chart, Bitcoin's price is firmly anchored above the middle band of the Bollinger Bands, with the candlesticks continuously closing higher. Although there was a brief dip testing the middle band support, it was quickly bounced back—indicating strong buying interest below and that the bears have little say.

From a technical perspective, the current pattern is very suitable for short-term trading. The follow-up strategy is to wait for a pullback, confirm stabilization, and then jump in to go long. This approach has been validated several times.

Specifically: Bitcoin can be positioned for long orders around 87,800 and 87,100, with targets at 89,200 and 90,100. There is room for upward movement, with clear support below, offering a good risk-reward ratio.

#数字资产市场动态 $BTC Stay tuned