From a technical analysis perspective, a solid bullish candlestick has formed on the daily chart, strongly breaking above the upper band of the Bollinger Bands, indicating that the short-term market is showing a strong upward momentum. Further observation of the 4-hour chart reveals that the short-term trend continues to rise with consecutive bullish candles, clearly forming a market pattern dominated by the "Duo Tou" (head and shoulders) pattern.
Meanwhile, the Bollinger Bands are expanding outward, and the MACD in the indicator below has also formed a golden cross and is diverging upward. This series of technical signals collectively points to an undeniable "Duo Tou" trend. Therefore, it is advisable to follow the trend.
Bitcoin: Around 95,000-94,500 "Duo Tou", with a correction at 94,000, aiming to rise to 96,000-97,800#btc
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From a technical analysis perspective, a solid bullish candlestick has formed on the daily chart, strongly breaking above the upper band of the Bollinger Bands, indicating that the short-term market is showing a strong upward momentum. Further observation of the 4-hour chart reveals that the short-term trend continues to rise with consecutive bullish candles, clearly forming a market pattern dominated by the "Duo Tou" (head and shoulders) pattern.
Meanwhile, the Bollinger Bands are expanding outward, and the MACD in the indicator below has also formed a golden cross and is diverging upward. This series of technical signals collectively points to an undeniable "Duo Tou" trend. Therefore, it is advisable to follow the trend.
Bitcoin: Around 95,000-94,500 "Duo Tou", with a correction at 94,000, aiming to rise to 96,000-97,800#btc