The bullish momentum continued in the early morning after the V-shaped reversal. Bitcoin pushed upward all the way, reaching around 64600 at its peak, while Ethereum rose in tandem to 1914. The previously provided idea of buying on a pullback played out as expected, with the market moving upward. After the surge, bullish momentum weakened somewhat, the price failed to continue breaking strongly to new highs, and began oscillating at elevated levels before pulling back.
In Monday’s live trading, the BTC long entered at 63300 and exited at 63869, securing 569 points; the ETH long entered at 1872 and exited at 1906, securing 34 points. In the early morning, another BTC long was entered at 63640 and exited at 64200, securing 560 points, and another was entered at 63643 and exited at 64200, securing 557 points.
On the 4-hour timeframe, the price completed a major rebound, but the higher-timeframe bearish structure has not been completely broken. This is a corrective rebound after a sharp decline, not a direct reversal into a one-way bullish trend. After surging on the 15-minute timeframe, the price encountered resistance at the upper Bollinger Band, while volume contracted compared with the surge phase. The short-term market has entered a high-level consolidation phase. Short-term bullish momentum remains, but after consecutive rises, upward momentum has weakened, with clear overhead pressure, making a pullback after another surge likely.
Tuesday morning outlook
Buy BTC on a pullback to 63800‑64000, target 65500
Buy ETH on a pullback to 1890‑1870, target 1980