#Monday Morning Analysis of Bitcoin

This morning, we witnessed a long-awaited bullish candle, and the price has once again stood above 94000!

Currently, after a surge in the early morning, the market has shown a clear upward trend. In the short term, Bitcoin is strongly moving upward, and structurally, it has shifted from weak to strong. On the daily chart, it shows a rebound after hitting a low, with a strong bullish candle following a consolidation of recent gains. Additionally, the V shape reversal pattern is evident, and on a larger scale, market sentiment is beginning to strengthen.

On the 4-hour chart, the Bollinger Bands have turned upward, and the continuous rise in Bitcoin indicates a strong short-term market. Meanwhile, the accompanying indicators are all extending bullishly, suggesting continuation. Therefore, for morning operations, a slight pullback can be used to enter a long position!

Trading Suggestions

Long Bitcoin around 92000-93000, with targets at 94500-95000.

Long Ether around 2410-2450, with targets at 2490-2550.