Monday Afternoon Bitcoin Latest Market Analysis
Currently, the market has touched the vicinity of 94,000. This morning, the actual market broke down to around 93,500 and then quickly rebounded, successfully reaching our expectations and providing some rebound space. Friends who followed the strategy have gained nearly 500 points. Currently, the price has returned above 94,000, so we can focus on the lower line around 93,500 for further bullish setups.
From the current market perspective, we still maintain an optimistic attitude towards the continuation of bullish trends and future expectations. What we have repeatedly emphasized is that adjustments are part of the upward movement, and adjustments do not change the operation of the bull market. After the adjustment is completed, it will still return to a strong upward rhythm. Although there may be a pullback accompanying the daily upward trend, it remains above the middle track in the short term. This morning, there may be a short-term pullback first, but with a stabilization and recovery approach, we recommend operating at specific levels in batches. Keep position control a bit smaller, and slightly enlarge the stop-loss level to avoid getting stopped out during the pullback before the price rises again. This week, there is a high probability of new highs for the bulls. Although the pullback space is gradually increasing, overall, it is still in a transitional phase of bullish accumulation. Considering the intraday rise, there may be a short-term pullback first, but with a stabilization and recovery approach, we recommend operating at specific levels in batches. Looking at the four-hour chart, there is currently momentum for a new high. Continuous winding consolidation is accumulating strength, with higher lows moving upward; we are just waiting for the breakout to open up space.
Afternoon trading suggestion:
Bitcoin in the range of 93,500-94,000, target 96,000
