Bitcoin surged sharply on Sunday, primarily from the afternoon to the night. This morning, just before the market opened, it rose from 85,000 to above 86,000 with a single bullish candle, clearly breaking through the upper band of the Bollinger Bands.

From the hourly chart perspective, after the market opened this morning, the price breaking above 86,600 and then pulling back was a trap for shorts, as after two weak bearish candles, it started a series of bullish candles, with the price briefly breaking above 87,000.

The upward momentum during the day was too strong, and after a pullback in the evening session, it is highly likely to continue rising.

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