In the early morning, Bitcoin is showing a fluctuating upward trend, rising from around 11,300 last night to about 114,700 before starting to retreat. Currently, it is operating around 114,100, proving that the trend is gradually warming up. Although there are pressure points above, there is still plenty of room for further increases. Looking back at last week's trading setup, we have also reaped significant rewards, with a successful capture of 24,092 points in Bitcoin shorts and 760 points in Ethereum. Trading in the crypto market is just like this; choosing the right direction is crucial, isn't it?
From the market perspective, the current 4-hour structure shows a clear upward trend, with K-lines continuously rising. In terms of technical indicators, the MACD has displayed a bearish crossover under water, with the green momentum bars continually extending, pushing bulls to keep expanding. The RSI and KDJ indicators are synchronized, shifting from sell signals to a buying state over the past few days, further solidifying the bullish trend. On the hourly level, the technical performance is basically consistent with the 4-hour line. Although there is some contention between bulls and bears during the session, resulting in short-term price fluctuations, the overall pattern still maintains a fluctuating upward trend, with bullish forces consistently dominating the market. Analyzing multiple technical signals across different time frames, short-term market bullish sentiment is warming up, and the indicators resonate to show that bullish momentum is accumulating. It is expected that the cryptocurrency price will continue the current trend, showing a steady upward trajectory, with bulls likely to continue dominating the market direction.
Monday morning trading suggestions: Bitcoin range 113,500-113,000 target 116,000
Monday morning trading suggestions: Ethereum range 3,460-3,430 target 3,600
