The early morning on Monday once again showed a certain bearish volume decline, with Bitcoin currently retreating to around 93,500 before stopping the decline, still facing resistance at a key position. Ethereum has retraced to the 1,780 line and faced resistance, with the market currently rebounding to the 1,800 line. This market behavior is completely consistent with our morning thought process, where we suggested chasing the rise near 93,500 in the morning, first short then long to perfectly capture the profit. The morning market rebounded to around 94,700, where we initiated a short position, waiting for the market to drop to around 93,700 to exit. At the same time, we also entered a long position at our expected entry point due to the market's drop, currently with a floating profit of over 500 points. Over the weekend, we established a short position for Ethereum around 1,860, and took profit at the 1,790 line this morning. The overall movement aligns perfectly with our strategy; it may involve a high degree of luck, but can we still call it luck after a continuous normal week? Friends who have been following the strategy recently should understand this.

From the current perspective, after two consecutive daily candles closing lower, the morning session did not further decline. After testing the bottom support, a slight rebound has occurred, and the current trading range still remains within the previously consolidated range. The morning continued the weekend's pullback without breaking the bottom range, indicating that the market has not shown overly weak conditions; clarity will come during the U.S. trading session. When combining with indicators, the death cross from the weekend has seen a reduction in volume, which is a typical method of using time to exchange for space to digest the volume of the pullback. Such a strong movement indicates that a strong upward pull can occur at any time, so it is still essential to maintain psychological expectations and not to chase shorts too deep. The Bollinger Bands currently show a bullish trend with all three lines rising, and as long as the middle band does not break, the trend remains unchanged. Looking at the hourly chart, the KDJ indicator shows signs of a bullish crossover, and the downward channel is currently facing resistance, with strong support at the bottom, while the market is gradually narrowing upward. Therefore, continue to maintain a bullish outlook in operation.

Bitcoin can be bought in the range of 93,500-94,000, looking at around 96,000. Ethereum can be bought in the range of 1,760-1,790, looking at around 1,870.