Monday, Bitcoin and Ethereum, short position open.

Last week, due to the impact of Trump’s tariffs and the firing of Powell, the price of cryptocurrencies soared, immediately followed by a sharp decline after Trump’s change of remarks. Overall, the market closed with fluctuations under the uncertainty of tariffs, Powell’s status, and interest rate cuts. If no new risk-averse factors emerge in the future, the price of cryptocurrencies will face further downward space.

Looking at the technical structure, the bearish arrangement of the 4-hour moving average continues, with the EMA300 acting as resistance at the top. This can be considered as an entry point for opening a short position after breaking. The current Bollinger channel maintains parallel, with upper pressure reaching 95000. Any rebound around this high point is a short opportunity!

Monday's suggestions:

Bitcoin around 94500-94000, target near 92000; Ethereum around 1810-1790, target near 1700.

That's all for now, in this new week, those climbing out of the pit, let’s focus and push forward together!