“After playing a thousand tunes, one understands the sound; after observing a thousand swords, one recognizes the weapon” — Success is not a coincidence. In the cryptocurrency circle, if you want to achieve something, you must skillfully master various trends and not rely on the fantasy of getting rich overnight. I have repeatedly reminded friends over the weekend that the market is about to start on Monday, so one must seize the opportunity and be ahead of the curve. From the actual market situation, the short position layout from early morning has begun to show results: the short position of Bitcoin laid out by the team successfully captured a space of 767 points, and the short position of Ethereum also gained a space of 46 points, confirming the importance of early preparation and precise judgment.
From a technical analysis perspective, Bitcoin's hourly chart is running on the upper Bollinger Band, where multiple long upper shadows have appeared above. This signal indicates that the resistance above is continuously strengthening, and the bullish trend is showing signs of fatigue, making it difficult for further extension, while the bearish trend has conditions for a rise. Looking at the MACD technical indicator, the fast and slow lines are gradually forming a closing trend above the zero line, indicating that the market is about to welcome a directional breakout; combined with observations from the histogram, the bullish columns are showing a step-by-step decreasing trend, further confirming that the market is gradually entering a bearish trend.
Monday afternoon operation suggestions:
Bitcoin: Lay out a short position in the range of 119500-119800, targeting 117500.
Ethereum: Lay out a short position near 3890, targeting 3750.
