Bitcoin analysis for Monday;

Last week's consolidation zone has completely broken through; although it has reached the previously expected resistance zone and is also the position where a short was anticipated, there is currently no sign of weakness. The current position is at the 0.886 level of the daily chart and near the channel, making it unsuitable to chase long positions again;

The resistance above Bitcoin on the daily chart between 89189~88800 is the resistance zone on the daily chart and is also crucial for whether the W bottom on the daily chart can be completed. Therefore, this area is very critical; if the breakout fails, the bears can at least gain over 5000 points in profit, so if this area truly approaches, close attention must be paid to price action,

Shorting Bitcoin intraday; a bearish engulfing pattern must appear for at least 4 hours, meaning a bearish engulfing candle followed by a retracement is required to enter;

Going long on Bitcoin intraday; pay attention to the pullback to the top of this range; if it can hold near 85600, it can continue to rise;

Starting to rise on Monday makes one somewhat uneasy; the direction on Monday is often a false direction;