Monday Evening Bitcoin and Ethereum Analysis
Reviewing the rebound strategy provided by Lao Wang throughout the day, he repeatedly reminded when to go long and when to go short based on specific ranges, and the market has largely followed his insights. In the afternoon, Bitcoin rebounded to 102155 but failed to hold the 102000 threshold and then faced pressure and fell back, starting to fluctuate downward, reaching a low of 101084. The Ethereum movement synchronized with Bitcoin, dropping from a high of 2277 to a low of 2242. Lao Wang's afternoon position in short orders is currently steadily gaining.
Returning to the live market, on the four-hour chart, the three consecutive bullish candles have stopped, and the pressure from the middle Bollinger Band is very strong, indicating that the market has entered a downward phase. Key indicators KDJ and RSI are both showing downward signals, suggesting that this downward trend has not yet ended, and the market is still dominated by bearish forces. From the one-hour chart perspective, the market shows a five consecutive bearish trend, with bearish forces continuing to exert influence. After the KDJ indicator formed a dead cross at a high level, it steadily slid downwards, further enhancing the feasibility of Lao Wang's short-term bearish outlook. In the evening, Lao Wang still advises maintaining a short strategy, targeting the 100,000 mark.
Trading Suggestions:
Bitcoin near 102000 short, target near 100000
