Andy on the Market Thursday Morning BTC Outlook:

Bullish momentum is waning, and intraday pullbacks still present low-buying opportunities.

Market sentiment has improved driven by positive news, with the crypto market rebounding across the board yesterday. BTC price briefly touched the 794 level, then maintained a high-level oscillation upward, with bearish momentum continuously suppressed. Although the current price has experienced a slight pullback, the correction is limited, and it remains firmly above the 780 support level.

On the daily chart, a large bullish candlestick has formed again, despite a lingering upper shadow, no clear deep retracement signals have appeared; Bollinger Bands continue to open upward and diverge, with the moving averages moving in sync upward, and all technical indicators show a standard bullish alignment. On the four-hour chart, the overall upward channel remains intact. The recent upward surge faced resistance, followed by a series of downward candles, which is merely a technical correction after a rally, and the bullish trend remains unchanged. In terms of trading, it is not recommended to blindly chase longs at high levels. If the price pulls back slightly later, it remains a good opportunity for low-buying positions.

Trading suggestions:

Gradually build long positions in the 77,500-77,800 range, with the first target at 79,000-81,000;
If the price stabilizes and breaks above, it can continue to target the 82,000 level.