11.25 Morning Thoughts
The Bitcoin market moved slowly over the weekend, primarily adjusting, which was within our expectations.
During the session, after reaching a new high of 99623 early Saturday morning, it began to decline into an adjustment phase. In the midnight hours, it dropped to a low of 95840, then started to rebound, currently operating around the 98000 mark.
From the current market perspective, after adjusting and finding a bottom over the weekend, it has completed bottoming out during the midnight session. The four-hour structure has repaired itself after breaking the lower boundary, and the market still shows a strong trend. The overall trend remains bullish, and the target of hitting 100,000 still exists. In the short term, the price is strongly rising, and bearish forces have noticeably weakened. However, attention should be paid to slight short-term pullbacks, and there is no need to be overly anxious.
Bitcoin Strategy: Buy around 97500/97200, look for 99000 area
Ethereum Strategy: Buy around 3340/3325, look for 3450 area
