A new week is underway, and the weekend ranging and consolidation phase has officially come to an end. In the early session, the bulls gained strength and pushed the price higher, surging up to around 65,400, with the rebound gaining momentum. For now, it’s still hard to tell whether this rebound is a bull trap (fakeout) or the start of a new uptrend—maintain an objective watch.



As for the market action, the large-cap “big pie” has stabilized around 63,600 and is building strength, strongly pressing into the resistance zone. Four-hour candles have been closing green consecutively; the Bollinger Bands are opening upward, and the coin price has broken above the upper band. On the hourly timeframe, price is rising along an upward channel, with indicators favoring the bulls. During the day, wait for a pullback to confirm support before setting up long positions.

For the big pie: a pullback to 64,500-64,800 is a good opportunity to buy; target 67,000
For ETH: a pullback to 1,910-1,930 is a good opportunity to buy; target 2,000
$BTC $ETH
BTC-0.19%
ETH1.49%
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