Monday night analysis

The overall trend of Bitcoin is still bullish.

Last week, Bitcoin bottomed out and rebounded, showing a certain resilience.

After a short adjustment over the weekend,

it is obvious that Bitcoin is accelerating.

In addition, from a structural point of view,

Bitcoin is in the 5th wave 3 upward stage or the C wave rebound.

These two situations are consistent in the local direction.

It can be estimated that the market will soon re-enter the upward channel.

Therefore, we should actively look for support levels to continue to go long.

Holding the low point is the key, and breaking through the high point is the top priority!

In the evening, Bitcoin fell back to more than 64,300-64,000, with a target of 65,500-66,000,

Ethereum fell back to more than 2,520-2,500, with a target of 2,580-2,600!