Monday, Bitcoin strongly recovers, market shows a reversal trend

Good morning everyone! I am Wang Kun. Bitcoin has been continuously fluctuating over the weekend, and this week it strongly recovers, leading to a significant rise of ten thousand points, completely breaking the previous weak downward pattern, and significantly washing out positions, thereby breaking the earlier weak downward trend. Currently, we can follow the trend.

From a technical perspective, there is a clear reversal action on the daily chart. After the bearish candlestick explores the bottom, it gives a rebound correction action, and after the adjustment, it stretches upward with a strong bullish candle, completely recovering the previous decline. The bulls are coming in very strong and powerful, so under this rhythm, we can continue to focus on the continuation action. Similarly, the 4-hour chart shows a continuation, with prices breaking through the upper Bollinger band, and the strong bullish trend cannot be stopped. Once it breaks upward, it signifies an increase in volume, so the crazy surge of bulls is also expected. Therefore, we can approach the operation with a low-buy mindset.

Monday morning suggestions

Buy Bitcoin around 94200-93800, aiming for around 96000

Buy Ethereum around 2480-2500, with a target of 2600-2650

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