The overall pace on Monday evening was still quite in line with expectations. The US stock market opened with a rise followed by a drop, perfectly reaching the entry point around 110500 suggested in the analysis. Those who followed Old Chen's strategy and bought during the pullback basically took off, and it was also clearly pointed out during the live broadcast that trying to short the evening market was definitely not advisable. If one were to short, it would only be after waiting for a short-term recovery to complete before considering it. In the evening, the 'Bing Orange' live analysis indicated to go long directly at 110500, which then surged directly to 112500, with a direct gain of 2000 points. Ethereum followed Bitcoin's rise, reaching a high of 4683, and the long position suggested at 4600 also provided over 80 points of space. This highlights the importance of adapting to market changes in real-time, laying out strategies based on formations at any moment.

From the hourly structure, there has been a pause in the downward movement, but given the current trend, it is still relatively effective. Support is gradually moving upward, and the bearish volume is also contracting. The price comparison has officially returned to the correction phase, and this process requires some time. Currently, 1105000 is being used as short-term support to form a local consolidation or pullback correction upward, depending on the size of the pullback space, which can be large or small. A large space indicates a deep adjustment, while a small space indicates horizontal consolidation and correction. Whether this wave can stabilize and show strong bullish momentum can first be observed by the recovery above. Before a substantial breakthrough occurs, one can choose to go short at the right moment, along with short-term longs. In this market condition, there are opportunities for both long and short positions at key points. Being flexible in response to formations is key.

On Monday evening, Bitcoin's range: 112000-111500, Long, target focus on 113000

Ethereum's range: 4600-4580, Long, target focus on 4700, $BTC 29