On Monday, after a wave of pullback in the early session, the short position set up overnight at 1099/61 points was as expected, and then the coin price showed signs of stopping. The short-term trading strategy involved capturing rebounds, and after a long day's wait, the coin price finally made a rebound correction in the evening. After taking 763/74 points with long positions, the coin price quickly fell back after a spike. Once again, decisively reversing to a short position to look for a decline, the coin price dipped to around 95700, where I exited after capturing 1063/58 points. Since the overnight setup on Sunday, I executed three trades: two shorts and one long, totaling a gain of 2925/193 points, perfectly concluding the day.
From the current pattern, the daily chart continues to weaken, and the mid-line pressure is obvious. After the K-line body closed in the red, it gradually dipped again, maintaining an overall downward structure.
On the short-term 4-hour chart, since the coin price spiked and rebounded around 98700, the coin price has shown an overall oscillating downward structure, with limited strength in the intermediate rebound. After correcting during the day, the evening spike rebounded and tested resistance but still failed to break through, quickly falling back. All moving averages continue to trend downward, and the volume indicator shows increasing bearish momentum. The coin price still faces further downside risks. The midnight rebound correction continues to follow the trend, watching for bearish continuation!
On Monday midnight, Bitcoin slightly rebounded around 96000 and initiated a short position, targeting 93000. Ethereum rebounded around 2760 and initiated a short position, targeting around 2630!
