The market will not dance accurately to anyone's expectations; the development of market conditions requires time to settle. One must patiently wait for the right entry opportunity to avoid traps; when holding positions, one must withstand the test of fluctuations to reap substantial rewards when the trend truly arrives. On Monday afternoon, the Bitcoin market came under pressure after rebounding to around the 102155 high, and then began a corrective decline, with the price falling back to around the 101084 low. Ethereum moved in sync with Bitcoin, with the market dropping from around the 2277 high to around the 2242 low. Meanwhile, Brother Sheng's afternoon strategy of shorting Bitcoin and Ethereum is currently profitable.
Based on the current market situation, the four-hour timeframe shows that after experiencing three consecutive bullish candles, the market has halted, with strong resistance from the middle band of the Bollinger Bands. Currently, the price has entered a decline, and the KDJ and RSI indicators all signal a downward turn. This indicates that this round of rebound has not changed the overall market trend, and the current trend is still controlled by the bears. From the one-hour timeframe, the market shows five consecutive bearish candles, and the KDJ indicator has formed a death cross at a high level and is extending downward, with bearish momentum gradually being released at this level. Therefore, we will maintain the bearish outlook from the afternoon for our evening operations.
Short Bitcoin around 101500, target 100000.
Short Ethereum around 2260, target 2150.