Monday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

In the journey of investing in cryptocurrencies, true value is not diminished by the short-term fluctuations of price. Your inner belief and perseverance are the keys to standing out in this challenging marathon. When the storm hits the market, it is crucial to remain calm and firmly hold onto your assets, for after the storm, a brighter dawn is sure to come.

Looking back at midnight yesterday, Bitcoin's price retraced to a low of 104280 before starting another upward trend, with the price reaching a high of 105823 this morning. Ethereum's movement was in sync with Bitcoin, with a slight retracement to a low of 2493 at midnight, quickly rebounding and stretching, reaching a high of 2551 this morning.

From the current market analysis, the daily chart shows that after a four-day decline, the bulls are experiencing a two-day rebound, with prices gradually approaching the middle band of the Bollinger Bands. At the same time, the middle band has formed an important resistance zone during the bullish rebound, which poses some obstacles to the upward movement and limits its continuity. The four-hour chart indicates a three-day bullish rebound, with prices successfully rebounding above the middle band of the Bollinger Bands. However, although the KDJ indicator's three lines are still moving upward, both the K and J values have entered the overbought zone, indicating that there may be a risk of a market pullback in the short term. Moreover, the MACD indicator's fast and slow lines remain below the zero line, indicating that the overall market is still in a weak pattern. The middle band of the Bollinger Bands is also showing a downward trend, further suggesting current market downward pressure.

In summary, the morning trading strategy suggests maintaining a high short position after the rebound. Specific trading suggestions are as follows:

- Bitcoin: Consider placing short positions near 106000 - 106200, targeting 104000.

- Ethereum: Enter short positions near 2560, with a target price of 2480.

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