Monday Afternoon Bitcoin Ethereum Market Analysis
The Bitcoin price strongly broke through to a recent high of 107,100 in the morning. However, this strong trend did not last long and quickly retraced, proving that this breakout was merely exploratory, aimed at paving the way for a better breakout next time. From the hourly perspective, Bitcoin is positioned at the lower part of the Bollinger Bands, hovering near the middle band. The downward space has basically formed, bearish strength is weakening, and bullish strength is increasing. We will continue to implement a strategy of buying high and selling low.
