Monday Evening Strategy: Bitcoin Tests the 100,000 Mark Again, Can Bulls Continue to Increase Volume

Bitcoin and Ethereum are showing a trend of upward fluctuations, with multiple candlesticks closing positive. After a surge in the previous period, there has been a pullback, and currently, it is consolidating at a high level. The upward trend is continuing as we expected, and the bullish sentiment remains strong. In this weak bearish state, retracements are opportunities to go long.

From a technical structure perspective, looking at the 4-hour chart, the upward channel has been broken, and bullish volume is continuously being released. The moving averages are consistently turning upwards, and short-term fluctuations are losing momentum. The bullish volume release is stable and orderly, forming a state of accumulation, with no pressure on the highs yet; a strong pattern is brewing for an explosion.

Monday evening's thought is to continue going long on pullbacks.

For Bitcoin, go long in the 98,500-99,000 area, looking at 100,500-100,800. For Ethereum, go long as well, looking around 3,700.

A precise plan is hard to come by, hence it is difficult to find a master; it is a solid strategy! Rather than waiting for the wind to come, it is better to chase the wind! If you cannot predict the trend, do not go short; let’s focus on charging together!