(1.6 Monday Morning Trend Analysis) Recently, the continuity of the navigation has been very poor. Whether it can continue to rise later is still uncertain, as trend = strength + continuity!
If there is only strength and no continuity, it is not a trend; if there is only continuity and no strength, it is also not a trend.
From the 4-hour level, the stochastic indicator shows a death cross pointing downward, releasing a bias signal, indicating that the strength of the upward trend has increased during this period. From a pattern analysis perspective, the price of the currency shows a downward fluctuation trend. In the short term, there is a need for a rebound correction in the currency price, which may be due to some degree of resistance at this position, attempting to push the price back up. In terms of operational strategy, it is recommended to adopt a flexible operation method of high in the range and low out of the range.
In summary, He Yang suggests:
Bitcoin: Around 98300-98800 for upward target, with the goal looking at 97500-97000.