In this ever-changing world, maintaining calmness and rationality is our most valuable asset. Don't let temporary fluctuations disrupt your overall strategy. Remember, real opportunities are always reserved for those who are prepared and patient. The crypto market may be turbulent, but as long as we have light in our hearts and a path beneath our feet, we can surely weather the storm and welcome our own dawn. On Monday afternoon, the Bitcoin market continued the upward momentum from the morning, with prices rising slightly again, reaching a high of around 106,777. Meanwhile, Ethereum's afternoon market experienced a brief period of consolidation before also making an upward move, with prices touching around 2,620.
From the current market perspective, the one-hour timeframe shows that the market has broken through the upper Bollinger Band with four consecutive bullish candles but has since slowed down, leaving a long upper shadow after the breakout, indicating that selling pressure still exists above. The KDJ indicator's three lines have all entered the overbought zone, and there are signs that the lines may curve downward, indicating that the market is at a critical point of transition between bulls and bears. The overall trend has a higher probability of peaking and retreating, so in the afternoon, we can take advantage of the rebound space to short at high points.
Short Bitcoin around 107,000, targeting 104,500.
Short Ethereum around 2,630-2,650, targeting 2,550-2,500.