Monday evening analysis and operational suggestions for Bitcoin and Ethereum
The afternoon short-term fluctuations remain small, continuing the bearish trend from the early morning. A slight continuation after a doji is considered normal. Recently, we have grasped the short-term rhythm quite well, though the wave layout has been slightly slower. In the morning, the Bitcoin long position successfully captured a space of 2000 points, and in the afternoon, a second rebound continued to follow, collecting over 700 points in the short term, with Ethereum also dropping for a while; the long position suggested in the afternoon also had a space of 50 points.
From a structural perspective, we are still in a pattern of oscillation and slow decline. This kind of pullback cannot be simply seen as a correction; it resembles more of a test of the bottom support followed by a new low, which then enters a stage of oscillation. Currently, the one-sided volume is not strong, and the previous daily line has already broken down; purely from a pattern perspective, there is still some adjustment space below. The key issue lies in where it can truly stabilize. This kind of pullback can be deep or shallow, depending on the pattern transformation—whether it can strongly rebound to reclaim lost ground or continue to decline. This is what we need to closely observe at the moment.
The high-level pullback on a small cycle shows weakness, and it is suggested to first follow a wave of long positions in the evening to see a rebound and repair, and then consider whether to layout wave positions based on the continuation strength.
Operational suggestions:
Long Bitcoin in the range of 110500-111000, targeting around 113000;
Long Ethereum in the range of 4600-4620, targeting around 4700.
Protect Bitcoin below 110500, and Ethereum below 4600
