12.2 Monday Afternoon Thoughts

After a thorough adjustment over the weekend, the four-hour chart clearly shows that the candlestick had a small wave of downward movement, directly touching the lower position of the Bollinger Band's middle line. However, the situation then changed drastically as the candlestick underwent a significant upward movement, swiftly and forcefully crossing the middle line.

In terms of short-term market conditions, there is extremely strong support power at the lower end. Meanwhile, the Bollinger Bands are showing a contracting shape, and there are currently no obvious signs of a reversal. Thus, it is evident that the support below remains solid as a rock, so in terms of the current operational strategy, we continue to maintain a bullish outlook with a focus on going long.

Looking at the overall market situation at present, the daily trend is still generally leaning toward the bullish side. The candlestick maintains a good continuous upward trend, showing no signs of weakening momentum, but rather a strong impetus to continue climbing and further expand the market.

Bitcoin is hovering around 96,000 today, targeting around 97,000!