The Bitcoin market is currently still in a weak position, and over the weekend, it showed slight fluctuations with basically no significant changes. The indicator signals are narrowing. Therefore, if the formation cannot open this week, the price will remain within a small range.
On the four-hour level, the Bollinger Bands are in a downward narrowing state, with the upper and lower ranges reducing. After probing the lower track, the price has moved out of a bullish candle. If the intra-day K-line can maintain above the middle track and break through the upper track, then the bulls have the potential to continue upwards, although the volume indicators are temporarily showing bullish expansion, but the volume is not particularly strong. Now we just need to wait for the process of time to convert space.
On the daily level, there is not much to say, it is quite standard. Last week, the pullback at the bottom is about to form a double bottom pattern. If the downward movement doesn't have an effective continuation, there is a high probability that after the double bottom, the bulls will counterattack this week. In summary, the bulls have the advantage, so pullbacks are still primarily bullish.
Intra-day, you can consider buying in batches in the area of 62800-62500, targeting 63800, and if it breaks through, looking at the 64500 level. The points are for reference only.
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