Bitcoin saw a strong rise yesterday, peaking near the round number of 74000, then consolidating upward, with overnight prices experiencing a pullback. This dip is a normal occurrence, especially since prices have risen nearly ten thousand points from the bottom in recent days. A pullback like this is to be expected, and now that it has retreated, it's an opportunity to be bullish.

From the four-hour level, the price broke through the previous range pattern. In the chart below, it can be seen that the upward channel is open, and the low points during the pullback are gradually rising. During the day, the price has not broken below the mid-line during the pullback, and the Bollinger Bands indicator is turning upward, indicating that a rise is the trend moving forward. Within the day, maintaining a bullish stance around 70300 is recommended, with a target of 74000; if it breaks below 70600, more caution is advised. Aggressive traders may consider entering at 71200 directly, with the target remaining unchanged, but the level is for reference only.

Follow the public account, how to relieve worries, only Jiang Wei, a treasure analysis blogger with high emotional value, sharing trading education for free. Bringing stability and clear guidance in the volatile trading market, crossing through three rounds of bull and bear cycles with many years of practical trading experience, skilled in naked charts, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analyses, consolidating into unique insights.

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