$BTC $ETH At the beginning of a new week, the market continues the volatility characteristics seen in the early morning. Bitcoin briefly rebounded to 109600 in the early hours before quickly falling back, while Ethereum similarly surged to the key resistance level of 2600 before coming under pressure and declining. Both assets show that bullish momentum is exhausting in front of key resistance levels, and the market is entering a correction phase.

From a technical perspective, Bitcoin has formed a triple top pattern on the daily chart, with the 110200-110500 range serving as a historically strong resistance area. If it cannot effectively break through, it will become an important opportunity for bears to counterattack. Once under pressure, the market is likely to initiate sideways oscillation or even a deep pullback. On the four-hour chart, after a period of consolidation over the weekend, Bitcoin briefly touched the upper Bollinger band but quickly fell back under pressure from above, with repeated attempts yielding no results further confirming the effectiveness of the top resistance. Based on this, it is recommended to seize shorting opportunities at high positions.

Bitcoin can be shorted in the 109500-110000 range, with a target near 107700; Ethereum can be entered for short positions in the 2590-2610 range, with a target level looking towards 2450#BTC #ETH .