Monday Morning Bitcoin and Ethereum Market Analysis and Trading Recommendations

In the cryptocurrency market, extreme volatility has long become the norm. Each price fluctuation is a process of market self-adjustment, teaching us to patiently wait and hold firmly. There's no need to be overly frustrated by short-term price declines; likewise, we should not be blindly enthusiastic in the face of sudden increases. Only by staying calm can we discern the essence of the market.

Looking back to midnight yesterday, Bitcoin's market showed a trend of fluctuating upward. The price gradually rose from a low of 106497 to a high of around 109285 by morning. Ethereum's movement was generally in sync with Bitcoin, rising from a low of 2481 last night to hit a high of around 2554.

From the current market analysis, on the daily level, after experiencing a significant decline, the market has shown a rebound with two consecutive small positive candles. However, it is evident that the strength of the bullish rebound is weak and has not brought about significant warming. At this point, the KDJ indicator's three lines have formed a death cross at this level and continue to diverge downward. Looking at the four-hour level, after a round of decline, bulls have given a two consecutive positive candles rebound, and the price has also risen above the middle band of the Bollinger Bands. However, the Bollinger Bands remain open downward, and the MACD indicator values are still in the negative range. This series of signs indicates that the current rebound has not changed the overall downward trend.

Based on the above analysis, during morning trading, we should first pay attention to the strength of the rebound, with an overall idea of focusing on short positions. Specific trading recommendations are as follows:

- Bitcoin: Consider shorting around 109500 - 110000, targeting 106500.

- Ethereum: Consider shorting around 2580, with a target price of 2500.