Good afternoon, a new week has begun, BTC.ETH. Today's market analysis

The recent drop has extinguished the short-term rise. At this position, some are bearish while others remain bullish, but it’s best to stick to your beliefs and follow the trend.

BTC: The market fluctuated within a small range of 800 points over the weekend. Last night, the price peaked around 118500 before starting to retreat. The 15-minute candlestick shows that the price tested the upper range twice without breaking through 1185, the starting point of Friday's U.S. stock market opening, leading to increasing bearish momentum and weakening bullish momentum. This morning, it continued to dip near 115000, which aligns with our discussion in the live stream about this bearish continuation, where I see 115000 as a target and suggest exiting all mid to long-term short positions near 122000.

ETH: The second largest cryptocurrency has finally caught up, now generally moving in sync with Bitcoin in both downturns and upswings, but with larger fluctuations compared to earlier. Yesterday, ETH peaked near 4580 before starting to retreat, and this morning, it dipped around 4280, showing a back-and-forth movement of 300 points. How many who didn't identify the resistance support levels and chased after the highs have ended up stuck?

BTC: Trading suggestion 1147-1143 buy, stop loss at 800 points, target 116200 breakthrough aiming for 1168-1174 (current price for entry)

ETH: Trading suggestion 4265-4280 buy, stop loss at 40 points, target 4360 breakthrough aiming for 4420-4460

Watch first, if you find it useful, please like and follow. I am Baishi and never engage in ambiguous trades; the current price single is the easiest. $BTC $ETH #加密市场回调