Monday Morning Thoughts: Bitcoin saw a bullish increase last night, rising from around 117700 to about 119600, currently fluctuating around 119000.

The daily candlestick shows a bullish increase with a strong trend. On the four-hour chart, there is a bearish increase with a doji, and the Bollinger Bands are gradually narrowing, with resistance to watch around 120500.

On the hourly chart, there is a bullish decrease in volume with a closing candlestick, while support is seen in the 117500-118000 range. Caution is advised for potential pullback risks, and trading strategies can be based on breakout conditions.

Bitcoin target at 118000, aiming for 119500-121000.

Ether target at 2920, aiming for 3000-3100.