A new week begins, and the Bitcoin market continues the momentum from last week, advancing rapidly to set new highs, breaking through the 120,000 mark. In such market conditions, some are happy while others are worried. Late last night, Lao Hu also provided a strategy to go long around 118,300, and the market once again validated our judgment, capturing nearly a thousand points in the short term. Opportunities are rare, and when they come, they must be seized.

Currently, the bullish momentum is strong, with sustained upward energy. The daily chart shows a single bullish candle pulling up, with the middle track support continuously rising, making the support increasingly solid, and the one-sided upward pattern is becoming clear. On the four-hour chart, a wave of seven consecutive bullish candles directly breaks through, and the upward momentum shows no signs of weakening. Any pullbacks during this time are not only brief but also limited in range, with bulls continuously refreshing their highs and no obvious top signals seen. The hourly chart is also steadily moving along the upper track, with occasional minor pullbacks, but the overall upward trend is undeniable, as 110,000 was just last week. In summary, the short-term trend and rhythm are expected to continue, maintaining a bullish outlook in the afternoon. If the price rises, one should be mindful of short-term pullback risks and observe the strength of the pullback. As long as the pullback is gentle, it presents an opportunity to position long trades, and the overall upward rhythm is worth looking forward to.

Operational Suggestions

Bitcoin buy near 119,000—119,300, targeting around 121,000

Yita buy near 2,950, targeting around 3,050