$BTC In the early morning and morning of Monday, both Bitcoin and Ethereum rose. The short and medium lines basically met our expectations. On Friday last week, we gave a long idea, but the retracement was large. In the middle of the day, we also took a long position at a low position after the retracement. After the sideways trading over the weekend, we have seen a lot of space. In fact, it is still the same sentence below this rhythm. Follow the trend and the gap will not be too big. No matter where you enter the market, you can basically leave the market, but shorting is easy to lose more than you gain. This is the importance of the trend.

From the technical structure, the weekly and daily lines are basically running in a long structure. The K line runs around the moving average, and the support is relatively strong. The retracement basically stops at the point. The retracement without breaking the position is still defined as correction. The shape points to further momentum. It’s just that the impact of non-agricultural data has formed a negative action, and a wave of retracement has occurred. This retracement is basically not continuous. The weak step of last Friday was broken in the small cycle. Just wait for the retracement to follow up during the day.

On Monday morning, focus on going long on Bitcoin around 108500-108800, and the target can be 110000.