Monday Summary

In the early hours of Monday, it was suggested to enter a long position when Bitcoin retraced to 96700, which matched expectations perfectly. In the morning, the market conditions were in line with predictions, and operations were conducted around the resistance level. In the afternoon, a dip broke through the support level, and we managed to secure over 2000 points by the evening.

First trade: Enter at 96954 - Exit at 97827 - Profit of 873 points

Second trade: Enter at 97367 - Exit at 98096 - Profit of 729 points

Third trade: Enter at 98090 - Exit at 97556 - Profit of 534 points

Fourth trade: Enter at 97535 - Exit at 96290 - Profit of 1245 points

Fifth trade: Enter at 96310 - Exit at 95457 - Profit of 853 points

Sixth trade: Enter at 95036 - Exit at 95643 - Profit of 607 points

Seventh trade: Enter at 95763 - Exit at 96429 - Profit of 666 points

The short-term 4-hour chart indicates that the market is facing local resistance, which is suppressing the upward momentum, leading to several small peaks and triggering ongoing pullbacks. Currently, Bitcoin is forming a 'bull flag' below 100,000, suggesting a consolidation phase during its upward journey, indicating a bullish outlook for the future, but it needs to undergo some oscillation adjustments first. There is no clear one-sided trend during the day, and it is expected to fluctuate significantly within a range in the short term, so it is recommended to focus on short-term trades within this range.

Tuesday early morning suggestion

Bitcoin retracing to around 95500-96000 for a long position, targeting 97500 as a stop.