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Monday Market Review: Bitcoin opened the morning session at a low of 90863 and started a volatile upward trend, reaching a high of 93388 before consolidating sideways.
In the evening, driven by a rally in external markets, it rebounded from a low of 92155, pushing higher again, with a maximum touch of 94789. The intra-day trend of the second coin closely followed that of Bitcoin. After an initial surge to 3221, it retraced to 3131, then maintained a narrow range. In the evening, it recovered with the market and rose again, currently reaching a high of 3266.
Market analysis shows that on the four-hour chart, there are four consecutive bullish candles indicating a strong upward move, closely following the upper Bollinger Band. All indicators suggest that the bulls are still expanding in the short term, with no clear signs of reversal. The one-hour chart shows a pattern of two bullish candles engulfing one bearish candle, indicating that the bulls are gradually dominating the market. Short-term trading strategies remain unchanged, focusing on pullback entries for long positions.
Trading Suggestions:
Buy near 93800-93000 for Bitcoin, targeting 95200-96000, and continue higher if broken.
Buy near 3220-3190 for the second coin, targeting 3280-3360-3400, and continue higher if broken.