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Every fluctuation of the candlestick chart is the market screening for those with firm resolve— the狂欢 of a bull market will eventually subside, and the silence of a bear market is the soil for value to settle. As Monday arrives, the price gradually breaks through resistance levels and climbs upward, with the highest point reaching around 92153 at midday. Ethereum's trend remains equally impressive, following Bitcoin's upward movement and stopping at around 3163. The early morning gave a space of over 300 points for Silk Road Xiao Sun; trading is about following the trend, not fighting against it. If the market looks wrong, adjust promptly!
Currently, Bitcoin on the four-hour chart shows a volume breakout trend, with a long bullish candle directly engulfing the previous oscillation zone. The price has effectively stabilized above the middle Bollinger Band and is pushing toward the upper band, indicating strong support below and showing that the bearish structure has been broken. On the one-hour chart, the lows are continuously rising, accompanied by increased trading volume, indicating a trend-driven rally rather than a weak rebound. Overall, the market has shifted from consolidation to a more bullish operation. There may be a short-term pullback for confirmation, but the main trend remains bullish. Operation-wise, it is recommended to follow the trend and go long, avoiding chasing highs. Be patient and wait for a pullback and stabilization before making more secure entries.
Trading suggestions:
Bitcoin: Around 91,500, target 94,000
Ethereum: Around 3,100, target 3,300