The market will not dance precisely to anyone's expectations; the cultivation of trends takes time to settle. One must patiently wait for the right entry opportunity to avoid traps. When holding positions, enduring the test of fluctuations is essential to reap significant rewards when the trend truly arrives. On Monday afternoon, after Bitcoin rebounded to around the 102155 high point, it faced selling pressure, and subsequently began a corrective downward movement, with the price falling back to around the 101084 low point. Ethereum's movement synchronized with Bitcoin, with the price dropping from around the 2277 high point to around the 2242 low point. Meanwhile, Brother Sheng's afternoon strategy of shorting Bitcoin and Ethereum is currently profitable.
Based on the current market situation, the four-hour level shows that after experiencing three consecutive bullish candles, the market has paused, with strong selling pressure from the middle Bollinger Band. The price has now entered a corrective phase, and the KDJ and RSI indicators have all given downward turning signals. Therefore, it can be seen that this round of rebound has not changed the overall market trend, which is still controlled by the bears. From the one-hour level, the market shows a five consecutive bearish candles drop, with the KDJ indicator forming a high-level dead cross and extending downward. The bearish momentum at this level is gradually being released, so for tonight’s operations, we will maintain the bearish outlook from the afternoon.
Short Bitcoin near 101500-102000, target 100000.
Short Ethereum near 2260-2280, target 2150.
