Monday Summary

On Monday morning, it was suggested to enter a long position when Bitcoin retraced to 96,700. The morning forecast was completely in line with expectations, and operations were made around the resistance level in the morning. In the afternoon, after breaking through the support level, we managed to secure a total of over 2,000 points by evening.

First trade: 96,954 long in - 97,827 out - paper profit of 873 points

Second trade: 97,367 long in - 98,096 out - profit of 729 points

Third trade: 98,090 short in - 97,556 out - profit of 534 points

Fourth trade: 97,535 short in - 96,290 out - profit of 1,245 points

Fifth trade: 96,310 short in - 95,457 out - profit of 853 points

Sixth trade: 95,036 long in - 95,643 out - profit of 607 points

Seventh trade: 95,763 long in - 96,429 out - profit of 666 points

The short-term 4-hour chart shows that the price faces local resistance, suppressing the upward momentum and creating multiple small peaks, leading to a sustained pullback. Currently, Bitcoin is forming a 'bull flag' below 100,000, indicating a consolidation during the upward trend, suggesting a bullish outlook for the future but requiring prior oscillation adjustment. There is currently no significant unilateral trend expected for the day, and it is anticipated that there will be substantial fluctuations within a range in the short term, suggesting a focus on short-term trades within this range.

Tuesday morning suggestion

Bitcoin retraces to around 95,500-96,000 long, looking to reach 97,500 before stopping again.