Market fluctuations are only temporary; they test our patience and wisdom. Every drop and rise is preparing for the next wave of volatility; every bit of perseverance will forge a brilliant future. Do not be swayed by temporary gains or losses; maintaining a calm mind and rational analysis is essential for steady navigation in the sea of cryptocurrencies. On Monday morning, Bitcoin showed a fluctuating upward trend, with prices rising from around 101000 in the morning to a peak of around 102043. Ethereum's morning market remained in the range of 2220 to 2260, without significant fluctuations.
From the current market perspective, the four-hour level shows a three consecutive bullish candle rebound, and prices are approaching the middle line of the Bollinger Bands. In the short term, bullish momentum is strong, but the Bollinger Bands still have a downward opening, and the middle line continues to move downward. Overall, the market remains in a downward channel. From the one-hour level, the market is gradually rising above the middle line of the Bollinger Bands, but the KDJ indicator's three lines have all entered the overbought zone and are showing downward turning actions, while the MACD indicator's two lines are also running below the zero axis. Therefore, in the afternoon, we are optimistic about short positions after the rebound correction.
Bitcoin can be shorted near 102200-102500, targeting 100000.
Ethereum can be shorted near 2260, targeting 2150.
