The market on Monday, $BTC , has come to an end. The overall trend still revolves around bearish movements. Although there was a rebound during the day, it was quickly reclaimed by the bears afterwards. Bitcoin touched a low of 98115 in the early hours of Monday and then experienced a rebound. The daytime trading mostly followed a slow recovery pattern. However, it was accompanied by pullbacks, and in the evening, Bitcoin's price surged again to 102596, faced resistance, and quickly pulled back, dropping below the 100,000 mark, with a minimum touching 99547. This confirms our evening strategy of shorting during the rebound. Currently, Bitcoin's price has shown a warming trend, running around 100800. Ethereum's price, after hitting a low of 2111 in the early morning, displayed a slow upward trend throughout Monday. The price stopped rising, reaching a daily high of 2317 before facing resistance. In the evening, alongside Bitcoin's significant pullback, it touched a low of 2187. We have successfully executed our main short strategy throughout the day! The daily level is dominated by bears, with Monday closing in a bearish candlestick and the rebound failing to hold key resistance at 102500, confirming the continuation of the short-term bearish trend. The key support area is between 98100-98500, which serves as a recent low. If it breaks below, it may accelerate downwards to refresh the low at 95000. The resistance level at 102600, the high point of Monday, serves as a short-term dividing line between bulls and bears; a breakout may test 104000. In the 4-hour level, the price runs along the lower edge of a descending channel, with a MACD death cross below the zero line and RSI indicating weakness. The midnight strategy suggests a light short position if the price rebounds to 101500-102000, with a stop loss at 102800 and a target of 99000.
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