The market was slow over the weekend. The 104900 position given yesterday afternoon showed some movement, although the target has not yet been reached, it has still yielded over a thousand points. The weekly candlestick for Bitcoin indeed ended up being a doji, with two consecutive weeks of doji patterns, one bullish and one bearish. How should we decide this week?
From the daily chart perspective, Bitcoin is under pressure around 106200 and has not been able to break through. The resistance above is significant. Over the weekend, it was emphasized that if it can break through to 106500, then this week the bullish sentiment for Bitcoin would still be optimistic. Currently, the bullish momentum is still weak, and Bitcoin has mainly been moving in a range-bound manner these past few days. The 4-hour chart also appears to have reached a peak, so let's just wait and see. It is recommended to look for a position around 106200, with a support level at 105000-104000#BTC .