The all-day bullish pattern remains unchanged, continue to go long in the evening



Today’s high-level consolidation, the current price still hovers around the 81,100 region, during the daytime, it retraced to confirm the support at $80,000 and then stabilized and rebounded, with strong bullish support, after consolidating and gathering momentum, the upward energy gradually accumulates, and the overall bullish pattern remains unchanged. Both morning and afternoon have already indicated a bullish outlook, and the current market is gradually moving upward. Continue to maintain a low-buying strategy in the evening.

The daily moving averages are in a bullish arrangement, the price has stabilized above the strong support at $80,000, and the bullish trend is intact; the 4-hour cycle is consolidating, with a decrease in retracement volume and an increase in rebound volume, RSI is neutral to slightly bullish, and momentum is fully built up. In the short term, after a slight dip, it failed to continue effectively, and the market has moved into a rebound phase. The structure is an upward oscillation, and further retracements are still bullish.

On Monday evening, my personal view is to buy in batches on retracements around the 80,200-80,500 range, with a stop loss at $79,800, targeting 82,500, and if broken, look at the 83,500 region. Strictly control position sizes, mainly buy on dips during retracements, and go long in line with the trend. $BTC
BTC0.64%
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