Thursday's Latest Bitcoin and Altcoin Strategy

Yesterday, Bitcoin and altcoins initially surged before pulling back. Our Dandan also successfully caught the move, as prices were suppressed at the first resistance level. Today, we continue to watch whether they can break through the first resistance level. We provide real-time alerts on our platform!

The four-hour lower band and middle band form a support and resistance pattern. Bitcoin is expected to break through the middle band resistance and challenge the previous high. Meanwhile, both the middle and lower Bollinger Bands are showing signs of turning upward, indicating that bullish momentum is gradually building.

Switching to the 1-hour chart, after stabilizing in the early session, Bitcoin has been alternating between two consecutive bullish and bearish candles. Notably, the lows during the pullback have not significantly decreased, suggesting that the bearish momentum is continuously weakening.

Although there is a pullback, its strength is clearly insufficient, which aligns with the characteristics of a consolidation phase. Currently, the market's pullback pressure is easing, and the overall trend shows a sideways upward movement, indicating that the short-term upward attack may continue.

Bitcoin: 86,500-87,500 USDT, →89,000-90,000 USDT;
Altcoins: 2,900-2,940 USDT, →3,050 USDT, watch for a breakout.

Personal opinion, for reference only, not investment advice!