The market is like the changing seasons, with cold winters and warm springs. The current market situation is just a phase; as long as we maintain our mindset, the future remains promising. On Monday afternoon, the Bitcoin market did not break out of a large range, with the price stopping after reaching a high point of around 107250, followed by a fluctuating downward trend, and nearing the evening market, it touched a low point of around 106617. The Ethereum market also showed a fluctuating downward trend in the afternoon, with the price retreating from a high point of around 2642 to a low point of around 2602.
According to the current market situation, the four-hour level shows that after experiencing three consecutive bullish candles and breaking through the upper Bollinger Band, the market has stopped and retreated, with momentum clearly diminishing. The KDJ and RSI indicators have all shown downward turns, and the MACD indicator's fast and slow lines have not yet returned above the 0 axis. Therefore, the overall market is gradually leaning towards a weak shape. From the one-hour level, the market shows three consecutive bearish candles retreating, and the price has also come below the upper Bollinger Band. Accompanied by the price retreat, the KDJ indicator's three lines have formed a death cross shape, with bearish momentum gradually being released. Thus, for evening operations, we are optimistic about a rebound followed by bearish decline.
Short Bitcoin around 107000, targeting 104500.
Short Ethereum around 2630, targeting 2500#BTC☀ .