Bitcoin CME futures have a large gap, which was filled under the stimulation of news last week.
Except for gold, most global stock indices (excluding the Shanghai Composite standalone index) were slightly affected and declined.
A new week begins. After two consecutive days of decline over the weekend, the short-term market bears chose to reduce their short positions.
The market rebounded without volume during the volume-shrinking consolidation. Bulls are not very active. Most off-market funds are still choosing to wait and see. On the daily level, pay attention to whether it can regain the daily-level bull-bear watershed of 1185 this week. Only by regaining the area above it will there be an opportunity to look up and impact the previous high or even a new high.
If it continues to decline weakly under the influence of bearish sentiment in the future, pay attention to the price performance near the 108 support below.
At the 4H level, after rebounding and testing 115 during the day, it began to shrink and consolidate in a narrow range. Leaning against the support/resistance swap position, wait for the US stock market to open and choose a direction.
Pay attention to whether it will retest the support near 112 again tonight. As a potentially large-scale reversal zone, we have not yet seen huge selling pressure and acceptance.
Upward rebound, pay attention to the pressure near the lower edge of the consolidation range 1164/1172. If the rebound test fails, shorting with light positions near this area offers a good risk-reward ratio.