The morning insights for Bitcoin on Monday are as follows!

After the overnight session, Bitcoin showed signs of a slight pullback, with the price touching a low of 94,250 at one point. Currently, the price is fluctuating around 95,500. On the daily chart, the Bollinger Bands continue to narrow, and the price briefly tested the lower band before being broken!

At present, the market is hindered by pressure near the middle band. In the morning, the price faced downward pressure at 2, but there hasn't been a significant continuation. However, the rebound strength is weak, and each time the price rises, there is a certain pullback. During the day, attention should be paid to whether there can be an effective breakthrough at the resistance near the middle band. Until a breakthrough occurs, it is not advisable to enter short positions!

Looking at the 4-hour chart, the Bollinger Bands are narrowing, and the price maintains a fluctuating upward trend, but the strength is declining, and the bullish momentum is gradually weakening. Overall, although the price has rebounded, the overall trend has not been reversed. Therefore, I personally still expect a pullback, so it is advisable to maintain a high short strategy!

In the morning operation for Bitcoin, I personally suggest shorting at a rebound of 96,000-96,500, with a target looking down at the range of 93,500-93,000!