This morning saw a wave of Northbound market activity. Afternoon analysis points.

Bitcoin's volatility last week was quite flat, affected by Western holidays, dull and tasteless! Continuing the bullish mindset, last Monday I suggested a short position at 90,000 and 3,050 at the highest point; those who followed the short idea have made big gains! This morning's rebound brought the price near 89,000. Are the bulls cheering again? Is this a rebound or a reversal? Retail traders are preparing to chase the rally—are we heading towards 100,000? Recently, the market has been oscillating between bulls and bears, so avoid chasing highs and selling lows, or you'll get beaten back and forth, which can be very uncomfortable!
Bitcoin's weekly candle closed as a small bearish candle with upper and lower shadows, with all three Bollinger Bands still opening downward. The daily candle broke above the middle band, with a long upper shadow small bullish candle last Friday, a small bullish candle on Saturday, and a bullish doji star over the weekend. Monday opened with a rally to break the sideways consolidation, which is a good sign; otherwise, the market would remain stagnant, tasteless like chicken ribs. MACD momentum remains insufficient, although KDJ and RSI are trending upward, the upper Bollinger Band is opening downward, indicating limited upside space.
On the 4-hour chart, a sudden large bullish candle pushed the price above the upper band, but the lower band is also opening downward, so beware of a sharp drop after the rally. The market is secretly preparing for a pullback while seemingly pushing higher—raising prices while the lower band opens downward to create room for a potential decline, leaving enough space for a downward move. In intraday trading, avoid chasing highs and lows!
Since the market has already risen, long positions mean missing the entry point. Focus on resistance levels and wait for high short entries! Intraday resistance levels are at 89,500, 90,500, and 91,500; consider short entries around these levels. Support targets are at 88,000, 87,000, and 86,000.
For Ethereum, resistance levels are at 3,030, 3,080, and 3,130; consider short entries around these. Support levels are at 2,950, 2,890, and 2,780.
Greedy people can't accomplish great things; lustful people often have soft hearts. Friendship is built over time, but love often comes suddenly. Others appreciate your frankness, but please control your recklessness. Learn to reconcile with yourself, and opportunities will naturally appear. Most traders spend a lot of time in confusion, growing in just a few moments. #加密行情预测 #Eth