Good morning, everyone! A new trading week has begun. Are you all ready to face the impact of the new market trend? Let's review the performance of the market on Sunday for everyone: Yesterday, Bitcoin and Ethereum moved in sync. As key resistance levels formed, the market experienced another round of cleansing, with a change of hands of chips, while the price center did not change significantly. In terms of operation, we gave a short signal for Bitcoin last night, which could yield 1000 points of profit.

Today, looking at the current market situation, although Bitcoin's rise in the afternoon broke out of the small-level shock box, it did not form a substantial breakout, and the key resistance of 118800 above is still strong. The daily line shows a two-day streak of small positive Doji stars, and both have long upper shadows, indicating heavy selling pressure above. At the same time, under the dead cross formation of the moving average, the trading volume continues to be sluggish. From the four-hour level, the short side volume forms a three-day losing streak, giving back all of yesterday's long gains, and the price returns to the internal operation of the box. The momentum of the long side is further consumed, and there is still a further decline expectation in the future. Combining the hourly level, the weakness is more obvious, and the market trend presents a stepped downward trend of "one step, one look back". During the period, the rebound strength continues to weaken. The focus below is on the slope situation of 116800. Continue to go short on the layout.

Bitcoin: 117800~118200 Short, target 116000. #加密市场回调