On Monday, February 6th, the rebound does not continue in the evening

At the beginning of the week, the trend of Bitcoin is relatively optimistic. After a round of decline in the morning, the market returned to the 105900 area and was again under pressure, briefly returning to the 104200 line. The morning suggested a short position on Bitcoin, after a round of decline, we captured a drop of over 800 points in the consolidation. In the afternoon, we followed up with another short position. Although there was a rebound in the market, it ultimately continued to decline, and currently, the short position has gained over 700 points. The rebound cannot continue, and we will maintain the high short strategy unchanged in the evening.

Currently, the overall 4-hour chart is still in a fluctuating downward trend. After the weekend's fluctuations and adjustments, the market continues to decline. From the candlestick pattern, after a short-term upward fluctuation, it was absorbed by a large bearish candle, and the downward momentum is still relatively strong, with a slow rise and a fast decline rhythm, and bearish sentiment is quite strong. Therefore, in a weak structure, a rebound is an opportunity to short. The hourly chart still shows a continuation of the decline, so we will continue to maintain a bearish outlook in the evening!

On Monday evening, it is recommended to short Bitcoin at 104500-104800, with targets focused on the 103000-101000 line.

On Monday evening, it is recommended to short Ethereum at 2500-2520, with targets focused on the 2400-2300 line.