Monday ended perfectly. The price of Bitcoin broke through the 100,000 mark again in the evening. In the early morning, the price rose strongly from the low of 97438 to the high of 102443, just as we gave the price of 101000. Ethereum also ushered in a continuous positive trend in the evening, and the current price reached 3719. On Monday, we successfully gained more than 5,000 points of space and Ethereum gained more than 100 points of space. The daily structure touched the lower track many times to give a certain rebound, and the rebound space is also considerable. The middle track is still effective. We have mentioned many times before that there will be a certain retracement after the high sideways movement, but after the retracement, it will continue to give upward movement. At present, the short-term retracement has also been completed. The daily line pulled up and closed with a long positive, which is indeed a stable foundation. The correction of the retracement to form a support platform is more conducive to the subsequent rise, and it also releases the resistance of the bears and reduces the pressure of the rise. The second pressure on the 4-hour chart led to the closing of the upper track of the Bollinger Band. We have previously emphasized the trend of a strong market. After the decline, we need to stabilize and recover. After the repair is completed, we are still optimistic about the overall upward trend. We still keep looking up during the day.
Operational suggestions
Buy Bitcoin at 101000-101500, target 103500
Buy Ethereum around 3700, target 3800
