9.20 Bitcoin late-night trend analysis, bulls dominate, bullish outlook remains unchanged.

CN
4 hours ago

Bitcoin remains in a high-level volatility correction phase over the weekend, with not much distance between the ups and downs. The price is around the 82,000 mark, having pulled back slightly, falling to above 80,000 at its lowest, indicating that there is some support at the price bottom.

Currently, there is still some tug-of-war between bulls and bears, as the new highs above have yet to break through. The price is in a wide fluctuation period. For the bulls to continue pushing higher, they still need to build momentum before breaking through. From the pre-market signals, the price has not broken below the middle轨 during the intraday pullback, and indicators are gradually rising, which may be a precursor to a breakout signal.

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In any case, regarding the current trend, I am fairly optimistic about an upward movement. Therefore, in the evening, one can look for a bullish stance in the 80,500-80,000 range in batches, with a target of breaking through 81,800 and then aiming for 82,800. If that breaks, the next target will be around 84,100.

Follow the Feishu account, if you want to alleviate worries, only Jiang Wei can help, a treasure analysis blogger full of emotional value, sharing trading education for free, bringing stability and clear guidance in the restless trading market, traversing through three rounds of bull and bear markets with many years of practical trading experience, skilled in naked K, trends, Dow Theory, Gann, harmonics, and wave theory, consolidating into unique personal insights.

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