Reviewing the weekend market, the trend has been in a range-bound state. Until early this morning, the market showed a trend of pullback, with Bitcoin experiencing a brief spike down to 116370 before quickly rebounding to the current level. The bearish trend has not seen a more effective breakthrough. Over the weekend, we also made some gains, successfully capturing 1093 points in Bitcoin and 330 points in Ethereum.
From the daily chart, Bitcoin's overall trend is hovering in the upper band of the Bollinger Bands, approaching the upper resistance. The opening trend of the three bands is still expanding, and the three bands are showing an upward development pattern, indicating that the market is still dominated by the bulls. From the four-hour level, market momentum is about to open. Currently, the market is still in a range adjustment state. On the hourly level, the market rebounded from the bottom, and the bearish pullback did not continue. Market momentum is gradually being reclaimed by the bulls. Last week's summary indicated that everyone should pay attention to the pressure capacity at the 116000 level this week. If an effective breakthrough does not occur, the bullish trend is about to welcome another major breakthrough. In the morning layout, we will continue to focus on the resistance capacity of this level.
Monday morning operation suggestion: Bitcoin near 117000 bullish, target 119000, breakthrough look at 12 level, stop loss 116000.
Monday morning operation suggestion: Ethereum near 3720 bullish, target 3850, stop loss 3600.
