Monday, strong bearish phase, follow the trend!

Bitcoin's price continued its weak oscillation yesterday, with a calm price during the day and a continuous decline in the evening session, until this morning it kept probing downward, breaking through multiple support levels, touching around 79900 at a low point before stopping the decline and rebounding. The price is currently running around 80700, and the bearish phase is strong, indicating a potential continuation!

From a technical perspective, in the daily chart, yesterday's price ended with a large negative candle, with the last four days' K-lines ending in a bearish column. The daily MACD histogram remains in negative territory and is expanding, with both the fast and slow lines below the zero axis. The daily RSI is at 34.45, close to the oversold area. The daily price has broken below EMA7 and EMA30, indicating strong bearish momentum and ample short-term downside potential!

Monday morning suggestions

Bitcoin 82000-1500 short, target 78000-75000

Ethereum 2050-2030 short, target 1900

An accurate plan is hard to find, hence good mentors are rare, solid strategies! Instead of waiting for the wind to come, it's better to chase the wind!