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Monday's Bitcoin market continues the pattern of initial advance followed by consolidation. Yesterday, it surged to a high of 91,600, then retreated to around 91,000 in the afternoon, currently fluctuating near 91,300. From the four-hour chart, the trend remains solid—still firmly above the trendline and key central pivot points. Although the upward pace has slowed, each pullback has been restrained, without rapid plunges. The support below is also quite stable, indicating that buying pressure has not eased.
This pattern resembles a consolidation accumulation within an uptrend rather than a top reversal. It is a phase of digestion using time to gain space. Switching to the one-hour chart makes it even clearer—bulls and bears are repeatedly tugging at key zones, each dip being quickly pulled back, with lows gradually rising. Although bears are involved, their momentum is relatively weak, and the overall structure remains intact. As long as there is no sudden increase in volume breaking below support levels, the current situation can still be regarded as a strong consolidation.
Technical suggestions: For BTC, consider entering long positions around 89,000-89,500, targeting the 93,000-95,000 range. Regarding ETH, opportunities are around 3015-3055, with potential to rise to 3190-3280.