(1.6 Monday Afternoon Trend Analysis) This situation seems a bit off! Currently, there is a golden cross trending upwards, which is a typical bullish signal! The K-line has continuously closed in the positive and is testing upwards. Throughout this process, there have not been many pullbacks, indicating that the bullish momentum is dominant.
From the current perspective, the strong state of bullish momentum has not been well sustained. Although there are signs of a reversal, it has not broken through the upper resistance level. In the 4-hour timeframe, the trend remains consistently upward. The short-term trend is very strong, exhibiting a stable oscillating upward trend. Each fluctuation in the price is gradually raising the overall price level, demonstrating strong upward momentum and positive market sentiment. However, it is important to note that the 100,000 mark remains a strong resistance level for Bitcoin. In terms of operational strategy, it is recommended to buy on dips.
In summary, He Yang suggests:
Bitcoin: Buy around 98,700-99,200 with a target of 100,000.