$BTC Monday, early market analysis of Bitcoin!
The price of the currency is fluctuating and consolidating at a high level, ultimately pulling back to build a bottom.
Last night, the price of the currency strongly pulled back to the 95800 line area and closed with a positive rebound.
The rebound force is stronger than in the morning, returning again to the 98400 line area.
Yesterday, we provided a mid-term layout for the 65500 area, which has now successfully entered the market.
The short-term pullback action is undoubtedly just a preparation for the price to accumulate strength before a high surge!
In terms of the current rhythm, after a series of strong rises, there has not been a noticeable significant downturn, and the short-term rapid rises and falls are still developing within the 95000-99000 range, with the overall direction remaining bullish!
On a smaller cycle level, after the price of the currency dropped to the 95800 line with consecutive negative candles last night, it closed with a positive rebound, successfully recovering the trend. It can be seen that the trend remains unstoppable, and the current sentiment has not yet been fully released. In the short term, accompanied by slight pullbacks, the short-term thinking in the morning should maintain a low approach!
Personal operation suggestion:
Long Bitcoin in the 97400-96900 area, target 98500-99500!
