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10.21 Morning Trading Thoughts on Bitcoin
The current Bitcoin is in a high-level oscillation period, and this morning continues the core logic of "pullback to go long," firmly bullish!
After a surge in the early morning yesterday, the market entered a narrow consolidation phase, with no significant directional breakout. From a technical perspective, the daily chart shows a clear bottoming reversal pattern, with three consecutive bullish candles steadily rising, indicating strong bullish momentum and a strong bullish sentiment in the market.
It is recommended to primarily focus on long positions by setting up retracement layouts: the entry range for long positions is between 109000 and 109500, with profit targets set between 113500 and 114500. After reaching the target, you can choose a suitable time to take profits.
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