Analysis in the early hours of Monday
On the four-hour level, Bitcoin has bullishly engulfed the bearish candle and is crossing the middle track, indicating a continuation of the uptrend, reaching near 11.95. Although the bulls are dominant, the resistance at the 120,000 level is strong, with significant resistance, weakening momentum, and difficulty in continuation. If it fails to effectively break and stabilize, the market may face downward pressure in the future, maintaining a bearish outlook.
Operation Suggestions
Bitcoin: Short in the range of 119500 - 120000, target around 118000
Ethereum: Short in the range of 3860 - 3890, target around 3760 #BTC走势分析
