The weekend market saw Ethereum skyrocketing in the early morning,
while Bitcoin has lost much of its momentum.
From an overall perspective,
the four-hour level has seen consecutive bullish candles with increasing volume,
after a continuous increase in volume,
the short-term may enter a high-level pause for consolidation and correction.
With pressure at the upper trend line and indicators deviating too much,
the oversold sentiment is high, and it is highly likely to pull back below the high point.
The extent of the pullback will determine our subsequent entry points for long positions.
Strong corrections will be replaced by consolidations instead of drops,
while weak corrections will be accompanied by pullbacks in space.
Focus on the formation and movements to determine the shift in strength and corrections.
A sudden surge of bulls without a pullback is not suitable for chasing the rise.
Trading Advice
Short Bitcoin at 105000, with a target of 102500.
Short Ethereum at 2608, with a target of 2400.
