Follow the trend and accurately control the market. In the early hours of Monday, the bears did not disappoint and continued to dive as expected, with Bitcoin starting to decline from the high of 95700, experiencing a slight rebound in the morning before continuing the downward trend, currently dropping to a low point of 93455. Ethereum's space is still relatively small, after reaching the high point near 1817 in the morning and facing resistance, it also began to move lower, currently stopping at a low of 1780. This morning, a bearish approach was publicly provided by Lao Gao across the network, and as the market trend mirrored, we accurately controlled the trend, suggesting to enter short positions around 94700, which reached our target profit position of 93500, gaining 1200 points in space. The position of Ethereum is not favorable, so our short positions did not blindly follow suit.
On the 4-hour level, a large bearish candle broke the lower track, with a relatively full entity, but currently in a phase of stopping the decline and recovering, forming a bottom-finding rebound, with a quick decline and quick recovery rhythm, the shape presenting a cross bullish candle, and the bulls remain relatively strong, unable to withstand the rebound's impact. Currently, we are entering a slow rising squeeze phase, with a single bearish candle breaking the low, short-term bears have slowed down, and bulls are accumulating upward momentum. For subsequent operations, Lao Gao still holds a bullish outlook, and short-term can capture bullish rebounds, first looking at the rebound range.
On Monday afternoon, Bitcoin can be bought at 93500-93800, with a target focus on 95500-96500.
Ethereum can be bought at 1780-1790, with a target focus on 1850-1900.
