Analyzing from the current form and technological structure, the market remains deeply trapped in a bearish trend, which has not undergone significant changes from the beginning. The main issue is that the sharp decline during the night to early morning period has prevented technical indicators and moving average systems from adjusting properly. Therefore, a correction in the short term is inevitable, and this correction usually manifests as sideways fluctuations in price within a certain range, accompanied by a rebound of certain magnitude. During this process, investors should avoid the urge to chase the rise; a more reasonable strategy is to wait for the rebound to reach an appropriate level before considering shorting.
Operational Strategy Suggestions:
Bitcoin: On Monday, if the price approaches the range of 83000 to 82500, consider shorting, with an initial target towards 80000. If this price level is effectively broken down, further bearish outlook can be considered.
Ethereum: If the current price is around 2060, consider shorting directly, with target price focusing on the range of 2000 to 1950.
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