Monday Morning Market Observation

Over the weekend, the market moved sideways, seeming calm on the surface but with bulls and bears secretly competing. Last night, the bulls took the lead as Bitcoin directly broke through the 105,000 resistance level, reaching a high of around 105,400. Although there was some pullback, the breakout momentum remains, and the bulls currently hold the dominance.

From a technical perspective, the signals are quite clear: the 4-hour candlestick chart shows continuous bullish upward movement, breaking through the upper Bollinger Band. The Bollinger Bands are beginning to open upwards, indicating that the trend momentum is still strong. The MACD has a bullish crossover with increasing volume, and the KDJ remains in a bullish alignment at high levels, with good volume-price coordination. In the short term, there are no signs of a significant pullback, so following the trend to go long is the main strategy.

Today’s morning trading ideas:
- Consider going long on Bitcoin in the 104,100-103,500 range, targeting 106,000-108,000
- For Ethereum, consider going long in the 3,400-3,350 range, targeting 3,700-3,800

The market has started moving, wishing everyone profits in their positions. $BTC