Bulls are back, short cautiously, continue to buy after a slight retracement
At the beginning of the week, I remind you that the rise will continue, and short cautiously. In terms of the current rhythm, there is no deep retracement after the surge, which means that this wave of rebound has not yet peaked. Although it is still in the adjustment range, it is accompanied by a step-by-step upward pace. If it can break through the 69,500 pressure point, it may open up.
From the technical structure of the four-hour chart, the bullish pattern is strong, the moving average indicator turns upward, and the space and volume are waiting for further breakouts. The two days of the weekend continued to accumulate strength sideways, and the big rise at the beginning of the week pulled up. In the short term, we still continue to see a rebound, and the target of 70,000 remains unchanged. If there is a slight retracement, we will enter the market again!
Monday's operation ideas:
Bitcoin 68300-68800 area, looking at 70000
Ethereum 3780-3800 area, looking at 3900
