Analyst Liang Qiu: After multiple high surges, Bitcoin's Auntie remains steady and may still have room for further upward movement

Bitcoin continued to consolidate over the weekend, and Auntie once again broke through the recent high point, with the daily chart showing consecutive bullish candles and relatively small pullback strength. The bottom support is gradually rising, suggesting that there may still be further upward potential. Our previous strategy has been very cautious, relying on Auntie to see a pullback after each breakout to a recent high, and each descent has provided ample overall space, which we have shared multiple times. After all, given the considerable short-term surge, one should be wary of a pullback.

However, the current trend resembles the doubling market from the low point of 2167 to around 4098 in January 2024, with a very clear overall upward movement. The difference is that during that bull market, Bitcoin and all altcoins experienced a surge. It's still not advisable to chase after Auntie after another high surge in the evening; today's rally started from Auntie at 3660 to 3680, which can be viewed as new short-term support. The short-term resistance is around 3850 on the weekly chart, and breaking this level will bring the market back to around 4000. For those looking for stability, it’s advisable to look for the pullbacks after each surge and take profits accordingly, while those who are more opportunistic can consider bullish positions relying on the lower support, but be prepared to take profits in case of large fluctuations.

Evening trading suggestions: Bitcoin around 117000 to 117500, target near 119000; Auntie around 3680 to 3710, target near 3800, with a breakout target around 3850; near 3850, one may consider a pullback. #以太坊突破3700