Monday Morning Trading Strategy Analysis

Last weekend, the price of Bitcoin oscillated in the range of 102000 - 103300. By early Monday, the price significantly retreated from around 102700, hitting a low of 98600. During this period, the strength of the bears continued to increase. Ethereum's trend was similar, dropping from around 2310 to a low of 2155 during the day. The United States' strong intervention in the Middle East situation has led to a spread of panic in the global financial markets, intensifying the bearish atmosphere. Currently, the bears dominate, and operations should primarily focus on shorting during rebounds, with short-term buying as a secondary strategy.

On Sunday evening, the price of Bitcoin experienced a waterfall-like decline, breaking below the key 100000 level and falling to around 98600. After the four-hour candlestick closed, the price rebounded somewhat, but the momentum was limited. Currently, the price of Bitcoin is oscillating around 99300, still within a downward channel.

For Bitcoin, key resistance levels to watch above are 100500, 101800, and 102700; while for support levels below, pay attention to 97200, 95800, and 94300.

In the short term, the market is in a phase of oscillation and correction, with increased rebound momentum, but it is still insufficient to reverse the overall downward trend. Observing the candlestick patterns, we see the appearance of a doji star and a flat-bottom formation, combined with the oscillation characteristics indicated by technical indicators, the price may consolidate in the range of 99000 - 101500 for some time. In the short term, focus on whether it can break through the key resistance level of 102000; if successful, the price is expected to achieve a V-shaped reversal. Investors need to strictly manage risk.

Bitcoin rebounds to around 100800 - 101000 for shorting, looking down towards 98000, 97000, or even 96000. $BTC #加密市场回调 #以色列伊朗冲突