The four-hour Bitcoin price was temporarily suppressed near the MA7 moving average of 66,800, and the four-hour Ethereum price was suppressed by the MA240 moving average of 3,100, which led to a certain stagflation. From the overall trend, the sideways adjustment over the weekend resulted in an upward price movement on Monday morning. The price failed to break through the bottom support after multiple dips over the weekend. The four-hour MACD short energy column was running in a shrinking volume, and the three KDJ lines diverged upward. The bulls were still strong!

Overall, the market is still in an upward trend, so any pullback or correction should be regarded as temporary. The trend of Bitcoin, combined with the daily line, is still a preferred form. We continue to be optimistic about Bitcoin. Today, we recommend buying low and long.

Operation ideas

Bitcoin: Retracement to 66,000-66,200, target 67,500-68,000

Ethereum: Retracement to 3040-3060, target 3150-3200#BTC走势分析