The start of a new week, good morning everyone. After the weekend's fluctuating market, we step into Monday. Bitcoin's price has been slowly retracing overnight, with the lowest drop for Bitcoin reaching 104,399 before rebounding. Currently, Bitcoin's price is around 105,000. Ethereum rose to around 2,559 overnight but faced pressure and retraced, with the lowest price dropping to 2,490. This retracement is not the beginning of a reversal, but rather a confirmation of support at the bottom to build strength for a better upward movement.

From the four-hour price perspective, the current market pullback did not show signs of further decline during this period; on the contrary, there are signs of stabilization, and the Bollinger Bands are tightening, indicating that volatility will consolidate here to establish a trend rhythm. Currently, there are frequent changes in small bullish and bearish candles, and we just need to wait patiently. From the hourly level, the middle band has been broken, and a rebound is imminent. In the early hours of Monday, we will participate in long positions at lower levels and focus on the rebound.

Trading Suggestions

Long position near 104,500 for Bitcoin, target 106,500

Long position near 2,500 for Ethereum, target 2,600,632,206,559,55