After two consecutive days of fluctuations and declines over the weekend, the market continued its weak pattern on Monday, with prices showing a step-down trend. Although it briefly fell below the key support level of 94,500 during the day, the bearish momentum was not effectively released, and the market entered a tug-of-war phase between bulls and bears. In terms of operations, we continuously hold positions using a pyramid averaging method in our medium to long-term strategy, while short-term trades strictly adhere to risk control disciplines, promptly executing stop-loss measures for ineffective strategies. The essence of trading lies in the unity of knowledge and action; we hope everyone maintains strategic composure and patiently awaits market catalysts to emerge.

The current market exhibits three major technical characteristics: 1. A bottom divergence signal appears in the daily MACD; 2. The lower Bollinger Band shows a price adhesion effect; 3. Trading volume is showing a depletion-style contraction. It is recommended that investors pay close attention to the strong support zone of 93,500-94,000. If a panic sell-off occurs followed by a divergence in volume and price, one can build long positions in batches based on the oversold signal of the 30-minute KDJ. The Bollinger Band price is operating above the middle line, with the channel opening upwards, indicating a strengthening of short-term bullish momentum. Currently, Bitcoin is in a transition phase from a consolidation to a main upward wave, with short-term technical support for pullback buying, but caution is advised regarding regulatory risks and insufficient volume leading to false breakouts. 57649573850

On Monday morning, Bitcoin hovered around: 94,000-93,500 long, target 96,500; Ethereum hovered around 1,800-1,780 long, target focus on 1,880.