Good morning

Last week, the Bitcoin market experienced a fluctuating pullback, while altcoins showed signs of a rebound. Can it continue to rise today?
The current price action of Bitcoin appears to be in a triangular adjustment pattern. It is currently nearing the end of this adjustment phase. If the price moves above 118500, a new upward trend will be initiated. However, we need to keep an eye on Ethereum's movements. If Ethereum continues to adjust, it will be difficult for Bitcoin to rally. Ethereum's recent rally started on Saturday night, and it began to adjust in the early hours of today. It is expected to continue its downward trend during the day. Please pay attention to the support level in the 3650 range during the daytime adjustment. If it cannot break below this level, there will still be a chance for another upward movement. Of course, if it breaks below this level during the day, the market will enter a daily bearish adjustment, and we will only see a rebound after the first wave of adjustment is completed in the early hours!