Ceasefire aids V-shaped stretch, is the bullish trend a strong reversal or just a flash in the pan?

Bitcoin shows a strong V reversal, with prices once pushing close to 106, while the bullish strategy provided in the morning has already gained over a thousand points. The current coin price is close to last week's level, and it's understandable that many are sighing about unchanged prices and depleted positions. Trump also knows how to play; with the U.S. stock market closed over the weekend, he dropped a bomb, and on Monday, Israel announced a ceasefire, with military and ammunition costs covered by crypto investors.

Back to the point, there is an expectation of a rebound in the market, but it has exceeded expectations. However, the bullish positions mentioned above have yielded good results. Let's continue discussing the market from a technical perspective. Bitcoin

The daily candlestick has closed with a solid bullish body, testing the midline nearby, which is also close to the opening price of last week's consecutive bearish declines. This is a point that needs attention in the short term.

Such a market that rises in conjunction with news needs correction and adjustment to be a healthy trend. If it continues to rise without adjustment, the bullish trend will not last long, according to the technical perspective. Of course, there is also a possibility that the market makers see the weak sentiment in the market and strongly push up to wash out some of the bullish positions. Therefore, medium to long-term players should observe more in the short term.

From the 4-hour perspective, the candlesticks have continuously closed with high-level doji formations; this line of resistance can be referenced for now, while the support below, since it has returned to previous levels, can also continue to be referenced as the previous short-term support. The technical perspective has not much to say; after this rise, although the technical aspect is strong, there is also a probability of correction, so let's wait for the market to move for another two days, trading time for space to analyze again.

Trading suggestions:

Bitcoin

Short at 106000-106600

Long at 103500-102800

Looking for a $2000 space

Ethereum

Short at 2460-2480

Long at 2350-2320, looking for a $100 space

Go out every day with a goal and you must come back with results. Think once, act twice, succeed three times; wait and see and you will fall short; thinking is the problem, doing is the answer; lose in hesitation, win in action.