Good morning to you in front of the screen. A beautiful day starts with beautiful things. If you are anxious, take a walk outdoors; if you feel repressed, take a turn outside. Live towards the sun, thrive in the sunlight. The market on Monday experienced a significant drop in the early hours, touching the low level around 100670. After a brief correction at midnight, it unexpectedly rebounded again in the morning, reaching a high of around 102800. This perfectly verifies the ideas we provided earlier at dawn, where we suggested going long directly at the 101000 level. The market validated this perfectly, and the secondary target of 102500 was also perfectly reached. In the morning's analysis, we continued to follow our strategy, suggesting to go long near 101000 and signaling to exit at 102500, achieving a gain of over 1500 points. We also suggested going long around 2460 in Ethereum, which we are still holding onto. After a short-term correction, there is currently no significant one-sided trend appearing in the market. Given this kind of trend, we will continue to maintain a high short strategy. The future market may move slowly, which will test our patience.
From the current weekly K-line structure, the next round of the downtrend is still not complete. Although the bearish energy bars have decreased, the bullish energy remains insufficient, indicating further demand for a decline in the future market. The daily line shows a clear series of consecutive declines, with a relatively deep drop in the short term, and a continuous breaking of the bottom. After this round of decline, there has not been a quick rebound, and the weak structure has not changed significantly, with the rebound not providing much recovery space; it is currently in a weak consolidation phase. Although there has been a short-term stop in the downtrend after continuous weakness in the 4-hour chart, the downtrend remains unchanged, and the market is still in a weak structure. Therefore, the current fluctuations do not represent a structural change; the market remains in a weak structure, so we can consider taking a short position for now!
In the morning, we will focus on shorting directly between 103000-103500, initially looking at 100000. For Ethereum, we will short directly between 2500-2530, initially looking at 2400$BTC .