Good morning. After Powell's speech last Friday, the BTC market experienced a rapid pump, and the rebound space of the BTC slightly exceeded the short position around 115000 that was predicted at the time. However, over the weekend, it quickly recovered from the pump caused by the news and returned to the first wave of the downward channel in this swing trading. Currently, it is approaching the monthly chart which is about to close, with support moving up. The downward pattern that started on the 14th is complete, and with the rebound structure from the past two days, it is currently judged that the two-week downward trend has ended, and a counter-trend short on the daily chart is about to begin.

The recent trend of the market for the cake has shown a short-term bottoming pattern over the past two days. Last night, it encountered daily chart moving average resistance at 112500 and saw a pullback. It is expected to adjust again during the day, with short-term support in the range of 110000-110500. Of course, if it breaks below 1085000 during the day, the market will need to reach around 116000 to initiate a rebound (which is a low probability). The main focus will be on the strength of the pullback during the day.
Ethereum experienced a significant decline on Monday but did not break below the lower boundary of this rising channel, as well as the strong weekly support at the MA5 4300 level. Today, Ethereum is also expected to see a pullback during the day, with support around 4400-4450. Once BTC stops falling and resumes its upward trend, Ethereum is likely to reach new highs again. Of course, the turning point is at 4400; if this level is significantly broken, the market will initiate a daily chart-level adjustment (with a low probability). If going long, make sure to have protection.