Monday Morning Market Analysis

A New Week - Good Morning, Friends

Yesterday, we provided advice to prevent pullbacks - and indeed, they came unexpectedly - under the orange cloth, we had two successful trades from the pullbacks.

However, do not misinterpret the short-term pullbacks of the trend as reversals; the current downward probing space at the weekly K-line level has been fully demonstrated. The price retraction in the short term is, in fact, a consolidation during the upward trend process, aimed at correcting and solidifying the overall bullish stance, indicating that the bull market process is far from over. Against this backdrop, mid-term strategies should remain trend-following.

The daily chart shows two consecutive days of bearish candlestick patterns, reflecting that the market is facing some selling pressure. However, such phenomena fall within the normal pullback range and are part of a healthy market adjustment. Therefore, a cautious attitude should be maintained towards the pullbacks, and they should not be held for too long to avoid missing out on potential subsequent upward trends.

Morning Operation Suggestions:

Long around 97000-97500 for Bitcoin, targeting 99000. #Bitcoin plunged, 290,000 people liquidated, #BTC创历史最大月度涨幅 .