Monday Night Bitcoin Outlook



After a round of decline in the afternoon, the 15-minute chart directly forms a straight line with no fluctuations, indicating that the trend for the new week continues to be narrow-range consolidation. We have once again entered a frustrating phase, but of course, patience is everything. Currently, there are no clear bullish or bearish signals.

However, from a structural perspective, after the previous decline, the bulls have been advancing vigorously. The current effective support is at 770, with multiple attempts to probe below this level stopping nearby, demonstrating strong support strength.

Tonight, you can consider gradually going long around the 775-770 zone, with targets of 790-800$BTC
BTC-1.62%
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