Bitcoin $BTC was a surprise. I reminded during the live broadcast after Friday's rally that Friday's rise was driven by sentiment, and one should be cautious as it might directly drop back to the starting point of the rally.

This situation happens frequently, and I also analyzed that after a strong rally, there was a lack of support from positions in between.

The market makers are really annoying, coming in late at night to shake things up; it truly caused a lot of liquidations, but Bitcoin is doing okay. Ethereum surged and then caused a short squeeze, followed by a long squeeze!!!

There are still expectations for interest rate cuts, and I maintain my prediction from Saturday's live broadcast that Bitcoin is still bullish for next week; however, the previous support level at 115 has now shifted to around 112.

Bitcoin needs to break through the weekly resistance around 119500 to aim for the previous high of 124474.

Trading spot is fine; just accumulate on dips; contracts are likely to face significant liquidations!