Afternoon Analysis


On Monday, Bitcoin showed a gradual upward trend. For intraday trading, it is recommended to rely on key support levels and focus on long positions at low prices.

Reviewing last week's movement, the market continued its slow oscillation and upward momentum. After reaching around 94,760, it experienced a technical correction. However, multiple dips failed to break below the support levels effectively, and the market quickly stabilized and rebounded, demonstrating strong bullish momentum.

From a technical perspective, the 4-hour MACD indicator has shown a potential golden cross at low levels, indicating a stabilization and warming trend; the hourly chart shows continuous and steady increasing bullish volume, with strong upward momentum and no clear signs of a reversal or correction. The market sentiment is optimistic, making it suitable to enter long positions.

Trading Suggestions:
Enter long positions around 91,000-91,500, with targets near 93,000-93,500.
Enter long positions around 3,100-3,130, with targets near 3,250-3,280.
BTC3,28%
ETH6,35%
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