The people who reach the top of the cryptocurrency world, such as $BTC , do not inherently possess the wealth code. They bravely face fear when others are scared and remain calm when others are greedy, using wisdom and courage to write their legends. On Monday, Bitcoin showed a clear downward trend from the morning, with prices continuously declining from a high of 117945 to a low of 114605 by the evening. Ethereum maintained a synchronized movement with Bitcoin, also showing a strong downward trend from a morning high of 4533 to a low of 4225 in the afternoon.
The 4-hour level maintains a good upward channel. In a one-sided market, there have been no significant counter-trends, so each pullback is seen as a strong bullish correction. The current focus remains on the resistance at the starting point of the decline; if it cannot be effectively reclaimed, the downside expectation remains. Meanwhile, attention should be paid to the strength of the support below; if it continues to break down, it will increase the room for correction. The current trend continues in a range of consolidation patterns, and patience is needed to wait for a directional breakout to form, at which point it will be possible to follow the trend and respond flexibly.
Buy Bitcoin around 114700-114200, targeting 117000. Buy Ethereum around 4250-4220, targeting 4350.