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Monday Bitcoin Ethereum market analysis and new operational ideas:
Protecting the principal is the top priority, while profits are just a bonus. "There are always opportunities in the market, but the principal is only once. Stop-loss is not a defeat, but a way to live longer. Greed can lead to profits, but it can also lead to liquidation. Don't act impulsively due to missed opportunities; the market will always have the next time. Stay cautious when making profits and calm when incurring losses. The market on Saturday and Sunday continued the strength of the bulls, without forming a significant correction, with Bitcoin dropping to a low of 116611 before the bulls began to rebound and recover. Last night, it broke the high again, reaching a new historical high, currently touching 119655. Ethereum firmly held the 2900 mark on Saturday and Sunday, and last night it also rose, currently touching 3019. Last week, we were firmly bullish, and the mid-term bullish thoughts we provided at the beginning of the week have all been verified and fulfilled, leading students who followed along to significant gains, with many doubling their positions.
From the current market perspective, the weekly chart shows a strong bullish candlestick closing higher, with a solid bullish line and strong upward momentum, forming a three consecutive bullish candlestick pattern. The upper band of the Bollinger Bands is opening upward, continually refreshing historical highs. The short-term pullback is relatively limited, with a quick rebound and recovery. The daily chart is steadily rising, and the momentum will continue at the beginning of this week. After a volume surge during the upward movement, it will transition to a slow increase, forcing a squeeze before gradually rising again. The last pullback near the low point of 116600 will become a short-term support level, which is also the support point for the beginning of this week. On the four-hour chart, there is a strong upward attack starting from around 116600, with a rapid recovery of lost ground and new highs. At the beginning of this week, the old high is expected to consolidate horizontally before continuing its momentum. In terms of operation, the rhythm of the upward movement after the volume surge will switch quickly, with a large fluctuation base. The primary strategy remains to wait for a pullback before entering long positions.
On Monday, you can go long near 118,000 for Bitcoin, with the initial target focusing on 120,000-122,000.
Ether 2900-2930 can go long, with the initial target focusing on 3050-3100.