Monday Bitcoin analysis

From the daily chart perspective, the price is below the moving average, and the auxiliary indicators are running in a dead cross. In the context of the previous continuous downward trend, the price has broken down, and the current rebound lacks strength. The daily price is returning to the moving average resistance near the 107000 area.

The current state is still in correction. Although the bullish sentiment has somewhat warmed up, the overall price trend remains downward. Therefore, it is advisable to maintain a bearish outlook until a breakthrough occurs at the resistance level.

BTC recommendation: 106000-106500🈳 Target looks at 103500-103000

To trade, one needs to follow the trend and grasp better entry timing. It is essential to have the ability to independently judge the authenticity of market sentiment, and one must not always be led into the emotional trading of chasing highs and panic selling.

Grasp the rhythm of many market fluctuations, proceed steadily, wait patiently, strike when the time is right, hold your positions firmly, and you will surely achieve profits #GateWeb3LaunchpadBOB上线 #广场发币瓜分千U奖池 .