1.6 Monday Morning Bitcoin Market Analysis $BTC
At midnight, after Bitcoin's price retraced to the low point of 97530, it immediately began to rebound from the bottom. After that, the price slowly rose, gradually climbing to the high point of 98852. Success is not something that comes in the future, but is built continuously from the moment one decides to take action.
From the daily chart, the K-line has been continuously closing in the green and exploring upwards. Throughout this entire process, the market's development has generally not shown much retracement action. This indicates that bullish forces dominate, but given the current situation, the strong bullish trend lacks good continuity. Although there are no signs of a reversal, it also hasn't broken through the upper resistance level. In the 4-hour time frame, it maintains a consistent upward trend. The short-term performance is extremely strong, showing a stable oscillating upward trend. Each price fluctuation gradually raises the overall price level, demonstrating strong upward momentum and positive market sentiment. The direction remains unchanged.
Bitcoin: Around 97500, can go long. Short-term target 100000.
Ethereum: Around 3610, can go long. Short-term target 3700.
