Looking back at Monday's market, the market entered a range-bound fluctuation state over the weekend. After continuously building momentum, it successfully exploded on Monday, with Bitcoin rising nearly 3000 points and Ethereum close to 80 points. The trend of the market developed vigorously as expected. Lao Zhu has always emphasized that a big market is coming. Did many friends successfully miss this wave? Our strategy also successfully kept up, arranging for new students to enter around the 105000 level for trades, providing them with a good lesson.
From the daily level analysis, Bitcoin's price has shown a significant bullish candlestick pattern. This candlestick trend has broken away from the previous fluctuation range, displaying obvious abnormal characteristics, and the price has effectively broken through the upper Bollinger Band, entering the overbought area, indicating strong bullish momentum in the short term. In the 4-hour level, after experiencing convergence and consolidation, the three lines of the Bollinger Band are rapidly opening up, aligning with a typical trend initiation signal, providing technical support for long strategies. Additionally, in the hourly level, after a false breakdown and pullback during the early morning, bulls quickly exerted force, pushing the price strongly from the lower Bollinger Band to the upper band, not only breaking through a key resistance level but also forming a pattern that dominates the direction of the Bollinger Band's operation, further confirming the continuation of the short-term bullish trend. In the future, we can focus on the effectiveness of support at high levels and the accompanying volume situation. We will continue to maintain a high sell-low buy strategy in our early morning layout.
Bitcoin range 107500-107000 target 109500
Ethereum near 2600 target 2750
