Monday Morning Market Outlook

Bitcoin has risen to 106,665 points, showing a steady upward trend and embarking on a journey to create new highs. Yesterday afternoon, we suggested that after a pullback, one could directly enter the market to take advantage of the rally. This round of increase is completely within our expectations.

From a technical structural perspective, the four-hour chart has continuously shown five bullish candles, and the BOLL indicator is in an expanding state. The support structure is clearly visible, and the momentum is steadily accumulating. The key resistance level above is primarily concentrated around the solid position of 105,000 points. Once this level is successfully broken, the price is expected to extend further into the range of 108,000 to 112,000. The support level below is solid at 101,500 points. Therefore, in terms of strategy, it is recommended to continue maintaining a low-position strategy to fully seize the current market momentum.

Bitcoin 103,800-104,300 long - looking at 106,000-107,000