On Monday evening, after the pancake market declined to a low of 110532, it stopped falling and immediately began to rebound. By midnight, the price rose to a peak of 112897. During the same period, the aunt market showed a different performance, initially rebounding slightly to a peak of 4690 in the evening, but then falling back due to pressure from above. Approaching midnight, the price again declined to a low of around 4590. Today, the outlook has been bearish since the morning, with the market once again being grasped, opening 6 orders. Three orders on pancakes captured a space of 3619 points, while three orders on aunt captured a space of 289 points.

From the current market perspective, on the four-hour level, the market touched the lower Bollinger Band and the bulls pushed the price to rebound with two consecutive bullish candles, although the body of the bullish candle is relatively small, and there are obvious upper shadows, indicating that selling pressure still exists above; at the same time, the overall market has not yet escaped the downward channel, and market sentiment remains bearish. Looking at the one-hour level, the market shows a step-like upward movement and a rebound that breaks through the middle Bollinger Band. Although it seems that the bearish trend has temporarily stopped, the short-term rebound is more likely to be a buildup for a second bearish dive. Therefore, during the midnight period, we still expect the continuation of the bearish trend after the rebound.

Tuesday evening outlook: Pancake around 113000, target 111000. Tuesday evening outlook: Aunt around 4630, target 4500.$BTC $ETH