Holidays pass like a fleeting horse, gone in an instant. The sounds of laughter and joy still linger in our ears, but the return date is approaching. The train for the new week has slowly set off, and you are that brave and determined traveler, unafraid of the storms along the way. In this journey full of challenges and surprises, learn to appreciate the scenery along the way. Whether it is the tempering brought by difficulties and setbacks, or the satisfaction brought by success and joy, both are valuable treasures in life. Recently, the market fluctuations are still in a bullish accumulation phase. During the holidays, Bitcoin rose to a high of 97865 before forming a slow pullback. This morning, it continued to dip and stopped at a low point of 94666. Ethereum's fluctuation space is smaller, mostly remaining in a converging minor oscillation. During the holidays, the price reached a high of 1872 and then faced pressure, subsequently entering a cycle of oscillation. The coin price has not fallen below 1800 and is still relatively strong.
In the current market trend, on the daily chart, there are two bullish and two bearish candles, with the real body being relatively small. This morning, it is likely to continue the bearish trend from yesterday, currently breaking below the 95000 mark. The pullback adjustment has not ended. The 95000 position serves as a demarcation point for the daily bullish trend, where bearish expectations are relatively strong below this level. On the four-hour chart, the Bollinger Bands are contracting, and the space is converging. Most K-lines are showing fragmented bearish and bullish movements, leading to a temporarily weak trend with strong bearish performance. Today, the short-term operation will mainly focus on following the trend to short. This week, the medium to long-term outlook remains bullish as the market gathers strength.
On Monday, Bitcoin can be shorted near 95000, with a short-term target of 93500.
Ethereum can be shorted at 1850-1830, with a short-term target of 1750.
