It's a new week again, good morning everyone!
The market fluctuations over the weekend were not too significant overall, but the bulls still made a small push. Yesterday, the upward trend continued, reaching a new high around 105000, but faced resistance and began to pull back for adjustment. In the early morning, after rebounding to around 104700, the price failed to break through again, and bullish sentiment has somewhat eased. Currently, it is fluctuating down around 103600, maintaining a consolidation rhythm.
In the four-hour chart, the K-line is currently in a rising flag pattern, with a clear box structure. The EMA15 trend fast line support has come to around 103000; a pullback to this position without breaking can continue to attempt to go long, but it is recommended to enter with a light position. Meanwhile, the MACD has been continuously shrinking downwards, with top divergence continuing. The DIF and DEA are expanding downwards from a high position, along with the Bollinger Bands narrowing, indicating a short-term need for further adjustment. As long as the price can stay above 101800, there is still a possibility for the bulls to continue pushing for new highs.
For the short-term strategy on Monday morning, everyone should clear positions around 103000 and go long, add positions around 101800, with a stop-loss at 101000. The upper level should first focus on yesterday's high around 105000! Regarding Ethereum, after a surge to around 2600 yesterday, the pullback was quite substantial, but the overall pattern is still in a bullish structure. The morning pullback to around 2450 can continue to go long, and the upper level should also first focus on the previous high around 2600!
$BTC
