Monday Afternoon Outlook

In the cryptocurrency world, a realm full of opportunities and challenges, every price fluctuation is like the beating of a drum signaling destiny. Do not be discouraged by short-term dips; they are merely accumulating strength for future leaps. On Monday morning, Bitcoin's price moved strongly from a low of around 104,005 up to a high of approximately 106,608 before stalling, then entered a consolidation phase, oscillating within a small range. Ethereum also showed strength early on, rising from around 35,487 to a high of about 3,658 before pausing, followed by a slight pullback, with the lowest point in the midday around 3,587. Brother Sheng's bullish outlook shared earlier proved accurate; the market reached the expected levels. Accordingly, long positions on Bitcoin and Ethereum were entered near 104,575 and 3,573, respectively, and closed near 106,379 and 3,643, capturing 1,800 points on Bitcoin and 70 points on Ethereum.

Based on the current market, on the four-hour chart, the price has risen to recent highs, strongly breaking above the upper Bollinger Band. Multiple resistance levels have been broken several times during the day, forming a strong bullish trend. Currently, the bullish momentum remains robust, with upward space fully open. The overall trend is firmly controlled by the bulls. On the one-hour chart, the pattern shows two bullish candles followed by a bearish candle, with small real bodies, indicating a slow pace in both space and momentum, forming a consolidation phase. In the short term, the market is entering a period of oscillation, testing strength. Given limited downside retracement in the afternoon, we continue to adopt a low-buying strategy.

BTC: Buy near 105,800, target 107,800
ETH: Buy near 3,580, target 3,700