Bitcoin is currently in a smoky battlefield, with prices fluctuating as bulls and bears engage in guerrilla tactics. Last week saw a massive drop of 20,000 points, followed by a slow recovery, and now it has rebounded by over 10,000 points. In such a market, one must wonder how many retail investors can survive; it seems even institutions are feeling the pressure. The market trend has stabilized, and now is our opportunity to participate. I have previously mentioned a principle: it is better to miss out than to go long, which is also our survival secret in the market. Now, let's discuss the upcoming trend.

In the four-hour rhythm, the price rose in the morning, then retraced. The overall trend is in a fluctuating upward rhythm. The current K-line is continuously testing the support position of the middle track, and the MACD indicator shows a bullish expansion pattern, indicating that there is still room for upward movement. The entire indicator is rising, suggesting that the bulls are reclaiming the downward space. Therefore, today's outlook is bullish.

The reference point for the bullish outlook is now in the 114,000-114,500 range, with a target near 12,000. These points are for reference only; actual trading should take precedence.

Follow the public account, "How to Relieve Worries, Only Jiang Wei."

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