$BTC Monday Bitcoin Morning Market Analysis!

Last Monday's sharp decline directly engulfed the previous week's gains, and the following days saw a rebound, forming a daily correction pattern.

From a technical perspective, at the four-hour level, the upward channel is narrowing, with clear signs of corrective oscillation and upward movement. At the one-hour level, there was a significant upward move reaching the 98000 area, but it faced clear resistance. Currently, there are signs of a pullback, with the K-line showing consecutive downward movements, stopping at the middle track area. In the current indicators, KDJ shows clear signs of downward expansion, and MACD bullish volume is gradually decreasing, indicating a need for further pullback in the short term!

On Monday, short positions in the BTC 97000-96700 area, with targets at 98000-98500

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