The morning insights on Bitcoin for Monday are as follows!

After the overnight session, Bitcoin showed some signs of retreat, with the price dipping to around 94250. Currently, the price is oscillating around 95500. On the daily chart, the Bollinger Bands continue to constrict, and the price briefly tested the lower band but was ultimately broken!

At the moment, the market is hindered by resistance near the middle band. In the morning, the price is under pressure at 2, but there is no clear continuation. However, the rebound strength is not strong, and after each rise, the price tends to retreat. Throughout the day, we need to pay attention to whether the resistance near the middle band can be effectively broken. Until a breakthrough occurs, it is not advisable to enter short positions!

Looking at the 4-hour chart, the Bollinger Bands are constricting, and the price is maintaining an upward oscillating trend, but the momentum has decreased, and bullish strength is gradually waning. Overall, although the price has rebounded, the overall trend has not reversed, so I still expect a retreat. Therefore, it is advisable to maintain a high short strategy moving forward!

For morning operations on Bitcoin, I personally suggest shorting at a price rebound of 96000-96500, with a target looking down at the range of 93500-93000!