Monday, weakness reappears, still a trend analysis of Bitcoin and Ethereum!

Market Review: The previous article clearly reminded everyone that above 104000 there was resistance, peaking at 106500, and Ethereum rose to 2560. We decisively exited in real operations, also gaining some space. The market has plummeted in the last two days, and friends who followed the Ultraman strategy should have been able to gain something!

BTC: In recent market conditions, the impact from the conflict between Israel and Palestine has been quite deep. Initially, the market was relatively calm, in a consolidation phase, but with Trump's strong intervention, the market has deteriorated in the last two days. The Strait is about to close, affecting one-third of global oil transportation, and oil prices are expected to surge. The crypto market is also facing turbulent times, with an overnight low dropping to the 98800 area, briefly falling below 100000, showing significant downward pressure.

From a daily technical structure perspective, it has gradually shown a downward turning pattern, and the MACD technical indicator has completed a clear downward momentum. This continuation could reach the previous peak-bottom conversion area of 91000. Given the current situation, it is highly likely to reach this point, and a waterfall decline is imminent.

In terms of short-term operations, after hitting the low overnight, a small rebound occurred at the 4-hour level. In this single bullish state, this momentum does not significantly influence anything, so today we will still follow the main trend. It is advisable to reference the early session range of 101200-2000 for entering positions, with a bearish outlook on the 98000-95000 area.

ETH: Following Bitcoin's trend closely, it has also dropped sharply. In the face of trends, all analysis is just theoretical. There is also a probability of falling below 2000 in the future. The short-term response in the last two days has been very weak. For intraday operations, continue to rebound and enter positions, moving in tandem with Bitcoin. It is advisable to enter positions in the 2250-80 range, with a bearish outlook on 2080!

That's all for now, wishing everyone smooth sailing in the new week, keep it up!