Monday, Bitcoin and Ethereum Morning Analysis

The prices have been fluctuating in a narrow range over the weekend, with overall movement around the 94000-95000 area. In the short term, both bulls and bears are maneuvering, and with insufficient momentum for a rebound, we should continue to adopt a bearish outlook for the future!

From a technical perspective, the market has remained in a weak structure recently on the daily chart. Since failing to hold above the 100,000 mark, prices have been lingering at lower levels on the daily chart, with weak rebound momentum and little expectation for a bullish reversal. On the 4-hour chart, after the previous significant drop, there has been a corrective rebound, and prices have formed a consolidation at low levels. As the rebound momentum gradually weakens, new lows will likely continue to be refreshed.

Monday Morning Suggestions

Short Bitcoin around 96000-96500, targeting 93000-92000

Short Ethereum around 3335-3310, targeting 3200-3100

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