A new week has begun. Good morning everyone!

The morning market has made another push, with Bitcoin prices breaking through 101,400. However, it quickly reversed and fell back to around 99,000.

The current market is in a slight oscillation pattern. From the Bollinger Bands indicator, there may be signs of contraction in the short term, while there is still potential for an upward movement on the hourly chart.

Jin Peng's suggestion is to wait and observe for a while (do not enter trades yet), and to focus on the afternoon market trends.

If investors are eager, they can also try short-term short positions, setting a stop-loss at 100,000 and targeting the downside around 98,700.

The above is only a personal opinion and is for reference only.

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