Looking back at Monday's intraday market trends, after hitting a low of 98115 in the early hours, the price of the currency has been showing a warming trend throughout the day, and the price has gradually risen. Bitcoin's price reached a high above the 102000 mark during the day. After Ethereum's spike to the bottom in the early hours, its price also exhibited a warming trend, reaching around 2260 during the day.
From the current 4-hour technical analysis of Bitcoin, the market overall is still in a weak consolidation pattern. The K-line continues to hover below the middle track, indicating that bearish forces are dominating. Although the bulls organized a relatively strong rebound during the early session, the trading volume did not effectively expand, resulting in a significant lack of rebound momentum. Observing the details of the market, this rebound encountered strong resistance from bears before even reaching the middle track, with heavy selling pressure above. In the afternoon, market sentiment weakened again, and the market still lacks the momentum for sustained upward movement. Some buying support appeared near the key support level, but the strength was clearly insufficient. If this position cannot be effectively maintained, it may trigger a larger correction. In the evening, we will still focus on a rebound high short strategy.
Bitcoin: Short near 102500-102000 with a short-term target of 100000.
Ethereum: Short near 2260 with a short-term target of 2150.