Monday, a new week has begun, good morning everyone!

Bitcoin has undergone two days of fluctuation and consolidation over the weekend, failing to give a significant pullback, with the recent low only touching the 97200 line before steadily rising in a volatile manner, currently operating around the 98700 line.

On the daily chart, after a pullback to the 91500 line last week, it has continuously formed bullish candles and moved upward, touching the 99000 mark before a slight retreat. Currently, the pressure remains concentrated in the 99000-100000 area we discussed earlier, while short-term support stabilizes around the 96000 line. We have also emphasized that the overall trend of Bitcoin is within a range-bound structure, and as long as it stays above 96000, there is potential for a continued test of the upper edge of the range near the 100000 mark. On the 4-hour chart, it is currently in a small upward price channel, with each low steadily rising, and the indicators have shown signs of turning upward, leaving some space above. However, it is advisable not to chase at high levels, but rather to choose to enter when there is a pullback opportunity. Therefore, in the morning's strategy, wait for a pullback opportunity to enter long positions.

On Monday morning, look to enter long in the 97500-98000 area for Bitcoin, expecting a rebound near the 100000 mark, treating this position as a dividing line; if it breaks and stabilizes above, continue to look upward towards 102000, while if it faces resistance, switch to short positions and continue to look for range-bound fluctuations. #比特币走势观察