Monday, Short-term Trading Strategy!

Sometimes when the price rises too quickly, it catches the influx of bulls off guard and leads to fear!

With consecutive strong bullish daily candles, is this the beginning of a bull market or just the last push? 1. We are quite clear on this; a significant rise definitely exceeds the previous unilateral bullish market. The current trend is an extreme bull market accompanied by a short squeeze sentiment.

2. In this situation, do not rush to lean towards the top; if the rising price is in place, then the correction time will definitely not be enough. Therefore, there will be a secondary upward push, at least one more wave, which will also require some time.

3. However, after this wave peaks, the upper space can only be explored step by step. If it continues with strong bullish candles or sideways movement, then 85000 can be reached quickly, but for now, it still looks very strong.

As for today:

1. Since we are looking for an upward movement, the support level of 78500 reached during the early morning pullback is definitely a pivotal point for both bulls and bears. If it doesn’t break, it will stand strong.

2. The large rise has left the support and resistance levels quite far apart, with no positions available for pullbacks, and continuing to rebound past 82000, there are no short positions available.

So, if you can’t catch a position in the morning, just observe afterwards. Aggressive bulls should first consider the 80600-800 area. After a strong bullish surge, everyone can’t clearly see the support and resistance, so let the market perform for two days, and then the overall market rhythm will emerge, first aiming for a rise to 85000!

Monday Short-term Thoughts

Bitcoin, bullish in the 80500 area, aiming for 82600-84000

Ethereum, bullish in the 3150 area, aiming for 3250-90

Takeoff is just a moment, I won’t say much more! Wish everyone all the best! $BTC $ETH $SOL #DOGE看涨情绪飙升 #BTC挑战8W2大关 #牛回速归，晒晒你的持仓？ #特斯拉市值重上1万亿美元