$BTC Monday Morning Thoughts

Do not say the road ahead is full of obstacles, let us see how we display our elegance. On the journey in the cryptocurrency world, every challenge is an opportunity for growth; every fall is a prelude to rising again. We should write our own glorious chapter with unwavering determination. Early Monday morning, Bitcoin showed a fluctuating upward trend, with prices rising from a low of 113529 last night to a high of 114730 early in the morning before stopping. Ethereum's movement mirrored Bitcoin's, with prices bouncing back after retreating to a low of 3454 last night, reaching a high of 3515 early in the morning.

According to the current market situation, the daily level shows a six consecutive bearish trend breaking through the lower Bollinger Band, and bulls have provided some rebound, with prices warming back above the lower band. The KDJ and RSI indicators show upward turning actions, but the Bollinger Band continues to open downward, and the MACD indicator's fast and slow lines are still extending downward, with indicator values continuing to accumulate in the negative range. Overall, the trend has not provided a clear signal for a change in direction. From the four-hour level, the market has formed a six consecutive bullish rebound trend, with prices breaking through the middle Bollinger Band and continuing to rise, but the Bollinger Band is continuously narrowing, which means the upward space for bulls is being compressed. Additionally, the second round of bullish rebounds has not moved out of a larger range, and the indicators at this level are showing downward turning actions. Therefore, the current rebound can only be seen as a normal correction method, so for morning operations, we will adopt a strategy of shorting after the rebound.

Short Bitcoin around 115000, with a short-term target of 113000, a medium-term target of 111500, and a long-term target of 110000.

Short Ethereum around 3550, with a short-term target of 3450, a medium-term target of 3300, and a long-term target of 3000.