Monday, extreme reversal, upward pressure continues to short

Undoubtedly, the bulls are indeed strong, but with a top fractal, there is always the possibility of a reversal. At this time, remain cautious to prevent the bears from launching a counterattack!

From a technical structure perspective, the daily chart shows a clear stagnation rhythm at a high level, with 106 as a strong resistance area. The upward stagnation has tested multiple times in the short term without breaking, so we still need to pay attention to the market's pullback in the future.

The 4-hour chart is more obvious; the short-term rebound to the resistance area has not continued upward, so if the pressure does not break, intraday trading should continue to short around this area.

Monday intraday suggestion

Bitcoin at the 106 level directly short, target near 102

In the new week, the market is thriving, and the momentum is strong, let's focus on charging together!

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