1.6 Monday, limited pullback strength, continue to buy

A new week has arrived, good morning everyone! There wasn't much volatility over the weekend, with a sideways transition. The overnight cryptocurrency price slightly retraced to the 97200 line and then rebounded again around 98800. Yesterday's range strategy has once again been validated, and the current market pullback shows weakness, so we can continue to participate with low positions.

From a daily chart perspective, the market shows a rebound trend, but subsequent supply is clearly insufficient, leading to an inability to stabilize and continue upward. Currently, the price has once again retraced to seek support below, rebounding again at the low position of 97000. However, it is important to note that if the price cannot sustain the rebound and break through the previous high resistance, we can expect that this sideways consolidation rhythm will continue for a while. In the four-hour chart, there is clear support in the mid-band area, and the short-term downward trend of bears lacks continuity, with the overall direction still leaning towards bulls, so we can buy on the market pullback.

On Monday morning, Bitcoin fluctuates around the 98000-97500 area, with a target focus on 99500-100000 area.

Ethereum retraces to the 3620-3600 area, with a target focus on 3700-3750 area.

Choosing is always greater than effort; what defeats you is never your competitors, but the thoughts you are unwilling to change. What achieves you is not your intelligence, but your choices to go with the flow! $BTC