Monday: Narrow fluctuations and upward movement, the bulls will continue to push higher

Year after year, the flowers remain the same, but people change. Good morning everyone, a new week has begun, and 2025 has set sail. Don’t stop your pace of progress.

Last week, the market fluctuated upwards and recovered, without showing strong upward momentum, but maintained a slow adjustment trend, controlling the pressure within the 100,000 mark. The support level around 91,500 was difficult to break, forming a tug-of-war recovery.

From the current technical structure, on the four-hour level, the price has recovered and is consolidating at a high level after upward movement. The downward pressure is weak, and the bears are facing resistance. The upward testing is continuing, and the short-term pullback correction is driving the fluctuating sentiment, but it has not provided a downturn for the bears. The fluctuating upward movement still has further demand to rise.

Today, we will initially focus on going long at the lower levels:

In terms of operation, I personally suggest going long in the 97,600-98,000 range, targeting 98,800-99,300.