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Good morning on Monday! BTC and ETH went on a crazy pump over the weekend, with market makers intervening from both sides, making Saturday and Sunday different from usual. So under this strong trend, we also cut in with the trend to capture this market movement. Currently, the price of BTC has reached the next integer level around 119,000, while ETH is steadily above 4,000, with fluctuations around 4,230. Although the current structure leans towards a trend, we still need to be vigilant about the possibility of a pullback and the market emotions brought by news. Old Lü has always been making solid moves and providing companionship throughout the night!
In terms of the line structure of BTC, the strong bullish candle has solidified, standing firm at the mid-range of the zone, and there are no signs of dissipating momentum. On the four-hour structure, the K-line trend is showing a stair-step upward movement, with a long lower shadow forming a strong bullish line. The Bollinger Bands currently show no signs of contraction, and the MACD energy bars indicate a neutral position. The fast and slow lines have crossed and diverged above the zero axis. Therefore, we continue to wait for the momentum to exhaust before the next overlap. In the one-hour structure, the arrangement of the K-lines shows a continuous upward trend, while the pressure above is rather ambiguous, with the price continuously hovering around the upper band. Therefore, from a comprehensive perspective, we still maintain that BTC should be bought around 118800-118500, with attention to the area around 119800, and ETH should be bought around 4200, with focus on the area around 4290.