Monday Bitcoin and Ethereum Market Analysis and Trading Suggestions:
Every successful person has a beginning; only by daring to start can one find the path to success. Before doing something, it is necessary to consider and plan, but only action can bring real growth. On Monday, the market remains strong with bulls still performing well. After Bitcoin's morning pullback to the 92700 level, the bulls have been in a chronic rebound, showing a solid upward trend with little opportunity for significant pullbacks. Currently, it has recovered to a high of 95475, but bullish momentum has not stopped. After Ethereum's morning pullback to the low of 1750, its movement is consistent with that of Bitcoin, first suppressing then rising. Throughout the day, the bulls have continued to rebound, currently reaching a high of 1826 without showing signs of decline.
The weekly chart shows a large bullish candle closing high, although with a small upper shadow, forming a three consecutive bullish candle pattern, allowing the bulls to continue. Short-term highs are gradually being refreshed, and during the upward movement, the extent of pullbacks is relatively limited, indicating a quick rebound and recovery pattern. After two days of adjustment over the weekend, the daily chart has once again formed a bullish reversal pattern today. Overall, the bullish momentum remains strong, and it is expected that the old highs will continue to be tested at the beginning of this week, with the possibility of slow upward movement after a volume increase during the rise. Given that there has not yet been a high-to-low reversal pattern on the daily and weekly charts, the short-term strategy remains bullish, and the overall direction is expected to continue to break new highs this week.
On Monday, Bitcoin at 94500 can be bought, with a short-term target of 96500. For mid-term trading, the target can be set between 98000-100000.
Ethereum at 1760-1780 can be bought, with a short-term target of 1850. For mid-term trading, the target can be set between 1900-2000.
