On Monday, the summary for Bitcoin and Ethereum and the analysis for Tuesday's market

On Monday, the trend was mainly bearish with a downward movement, rebounding in the morning around 111000 and then falling back again. The lowest point reached was around 106618. Since the high point, the thought process has been very clear, suggesting everyone to look for short positions around 111000. The mid-way short positions and rebound shorts have performed as expected. The Bitcoin gained over five thousand points during the day, while Ethereum gained over two hundred points.

In the current trend structure, the continuous decline is short-term focused on around 106000. If it strongly breaks down, then there is an expectation for the market to continue downward. If it does not break, there is hope for a good rebound space once again. After all, although the bears currently hold some advantage, it is not an all-in-one situation. Each decline is accompanied by rebound corrections, and today is no exception. Those looking to short need to wait for the high to be under pressure before choosing to follow. The upper pressure is temporarily focused on around 108300.

Bitcoin, short around 108300, looking down to 106000;

Ethereum, short around 3750, looking down to 3600. $BTC $ETH #加密市场回调