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Monday Afternoon Bitcoin Trend Analysis

The delayed analysis hopes to be understood by all coin friends. Those who know the astronaut well understand that the market was in a fluctuation phase over the weekend, basically at a flat state, and the astronaut would take time to accompany family.

Last week, the astronaut mentioned that the price of Bitcoin would be in an upward trend; it's just a matter of how much. Three resistance levels were given, and there was a long delay in breaking through. Finally, this week welcomed a new turning point.

On Monday morning, the price broke through the recent consolidation high of 85542, reaching a maximum of 87621. Market sentiment is relatively positive, trading activity has increased, showing certain upward momentum.

From a four-hour technical analysis perspective, Bitcoin's K-line is steadily running above the upper Bollinger Band, indicating strong upward momentum.

At the same time, the KDJ indicator formed a golden cross, clearly releasing a bullish signal. Coupled with the establishment of a short-term upward trend, the market's bullish forces are gradually gaining dominance!

Operational advice: If a reasonable pullback occurs in the future, it will be an excellent entry opportunity. When it approaches the 866–868 range, it can be laid out. The upper target should focus on the resistance level of 885!