The fluctuations in the market are only temporary; they test our patience and wisdom. Every dip and rise is a buildup for the next volatility; every persistence will forge a brilliant future. Do not be overly joyful or sad due to temporary gains or losses; maintaining a calm mind and rational analysis is essential for steady progress in the sea of cryptocurrencies. On Monday morning, the Bitcoin market presented a volatile upward trend, with prices rising from around 101,000 in the morning to a peak of 102,043. The Ethereum morning market, on the other hand, maintained a fluctuation in the range of 2,220 to 2,260 without a significant range.
According to the current market situation, the four-hour level shows a three consecutive bullish rebound trend, and the price is approaching the middle track of the Bollinger Bands. In the short term, the bullish momentum is strong, but the Bollinger Bands are still opening downwards, and the middle line continues to move downward. Overall, the market is still in a downward channel. From the one-hour level, the market gradually rises above the middle line of the Bollinger Bands, but the KDJ indicator's three lines have all entered the overbought zone and show signs of turning down. The MACD indicator's double lines are also running below the zero axis, so in the afternoon operations, we anticipate a bearish downward trend after the rebound correction.
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