Good morning friends, after the weekend's volatile range consolidation, the big coin market quickly surged to the 119,000 line in the early hours of the day and then retraced to the 118,000 line, bouncing off the bottom; the aunt's market is also in sync with the big coin! Market momentum is gradually stabilizing and developing, and the single trend is once again making a move.

Technical analysis shows that the current price trend exhibits strong characteristics. On the daily chart, the price continues to run at the upper Bollinger Band, and the moving average system maintains a complete bullish arrangement, with short, medium, and long-term moving averages diverging upwards in sequence, indicating a solid trend. The retracement has not effectively broken key support, and the medium to long-term upward trend remains intact.

In the four-hour chart, the Bollinger Band is opening upwards, and the track expansion is healthy. The price is consolidating in a high range, which is a normal pullback for energy accumulation after a breakout. The support at the 118,000 line has been validated, and if it stabilizes in this area, it is expected to challenge the 120,000 integer level.

In terms of operational strategy, the focus in the morning session should be on low buying. As long as the key level is not broken, short-term trading can involve high selling and low buying within the range. Long positions can be laid out relying on the 118,000 support, targeting 120,000; if this level breaks and stabilizes, additional long positions can be added in the direction of the trend.

On Monday, it is recommended to buy the big coin around 118,500 with a target of 12 points.

On Monday, it is recommended to buy Ethereum around 2960 with a target of 3100.

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