Monday Morning Bitcoin Outlook

A new week begins, and the market is once again at a crossroads to choose a direction. Wishing everyone smooth trading. Over the weekend, Bitcoin mainly moved sideways, fluctuating around the 90600 level with a range of about 500 points, which is roughly in line with expectations. Currently, the price is consolidating around 91200.

From a structural perspective, after a dip, the market has entered a sideways correction phase. The 4-hour Bollinger Bands are flattening, and short-term bullish and bearish signals are not prominent. However, in the larger trend, the bears still hold the advantage, and the rebound strength is gradually weakening. Therefore, the strategy remains to short on rallies.

In the early session, pay attention to the resistance around 91500. Approaching this level, consider short positions, with initial targets near 89500. If this level is broken effectively, subsequent focus should be on the 88000 area.
$BTC ‌#每日行情分析