The market on Monday, $ETH , has also completed its course, and the overall trend continues to operate around a bearish sentiment. Although there was a rebound during the day, it was quickly reclaimed by the bears after the brief recovery. Bitcoin touched a low of 98115 early Monday morning and then experienced a bottom rebound, with the daytime market mainly operating through a slow recovery. However, it was also accompanied by pullbacks. In the evening, Bitcoin's price surged again to 102596 but faced pressure and quickly pulled back, falling below the 100,000 mark. It reached a minimum of 99547. This aligns with our evening strategy of shorting during the rebound. Currently, Bitcoin's price is showing signs of recovery again, running around 100800. Ethereum's price touched a low of 2111 early in the morning, showing a slow upward trend during the day on Monday. The price stopped rising, reaching a maximum of 2317 before facing pressure. In the evening, along with Bitcoin's deep pullback, it reached a low of 2187. We have successfully executed our main short strategy throughout the day!
On the daily level, the bears dominate, with Monday closing in a bearish candlestick and the rebound failing to hold above the key resistance of 102500, confirming the continuation of the short-term bearish trend. The key support zone of 98100-98500 serves as a recent low point; if broken, it may accelerate the decline to refresh the low at 95000. The resistance level of 102600, the high point on Monday, is a short-term dividing line between bulls and bears; if broken, it may test 104000. On the 4-hour level, the price is running along the lower edge of a descending channel, with a MACD dead cross below the zero line, and the RSI shows weakness. The midnight strategy suggests trying a light short position if the price rebounds to 101500-102000, with a stop loss at 102800 and a target of 99000.