On Monday afternoon, Bitcoin maintained a narrow range of fluctuations and failed to break through the range limit. The price first dropped to a low of 112119 before stopping the decline, and then rebounded slightly to a high of 112927; Ethereum's movement synchronized with Bitcoin, fluctuating around the high of 4426 to the low of 4135.

From a 4-hour perspective, after a significant decline, a long lower shadow was formed. Although the bulls pushed for a slight rebound and support was evident below, the overall downward trend remained unchanged, with the Bollinger Bands opening downward and market sentiment leaning bearish. On the 1-hour level, after two consecutive bullish candles, the market faced pressure again, and the short-term rise is a normal correction. In summary, the evening view remains predominantly bearish.

In the evening, Bitcoin is expected to open short around the range of 113000-113500, with a target focus on 111500; if broken, it will continue to look down at 111000.

In the evening, Ethereum is expected to open short around the range of 4200-4230, with a target focus on 4100; if broken, it will continue to look down at 4050#加密市场回调 $BTC #MichaelSaylor暗示增持BTC $ETH .