In the early morning, the Bitcoin price declined from a high of 85548 to a low of 83250, then began a volatile rebound trend. As of the morning session, the price reached a maximum of 85599, approaching the previous high. Ethereum showed a similar volatile recovery pattern, with the price gradually rebounding after dropping from a high of 2805 to a low of 2707, with the morning peak touching the 2779 high area, running in tandem with Bitcoin.
Currently, the overall market momentum shows a weak pattern, consistent with the typical characteristics of weekend volatile recovery: The four-hour level shows a three consecutive bullish candle rebound structure, but the market panic caused by previous breakdowns has not been fully digested, leading to sustained pressure on upward momentum. The rebound candlesticks frequently feature long upper and lower shadows, significantly impacted by resistance levels. The hourly market revolves around the middle track of the Bollinger Bands, with alternating bullish and bearish movements where the upward strength of bullish candles is insufficient and the retreat speed of bearish candles is relatively fast, gradually reinforcing the dominance of the bearish trend. The morning strategy continues the core logic from midnight, focusing on short positions in the high area.
Bitcoin: Layout short positions near 85000, target focus on 83000
Ethereum: Layout short positions in the 2770-2800 range, target focus on 2700
