Did you think you had bottomed out? It turns out there’s a basement below the floor, and below the basement, there’s hell, which actually has eighteen levels! Just cut your losses and exited, and the market immediately skyrockets; as soon as you bite the bullet to chase the price, a plummet will teach you a lesson. On Monday morning, the bears continued the big dump trend, with Bitcoin touching a low of 92922 and then rebounding continuously; it has now rebounded to a high of 95614. Ether similarly experienced a strong dip, stopping at around 3001, managing to hold above the 3000 mark, and has been continuously rebounding; it has now rebounded to a high of 3209.

On the four-hour level, we can see the current market's technical pattern more clearly. The price channel shows a contracting oscillation pattern, with short positions arranged neatly, the real K-line continuously expanding, and the moving average system also showing a downward divergence trend. These signals all indicate that the bearish forces in the market are building up momentum. At the same time, the price fluctuations in the smaller time frame show a strong demand for bottom-building repair, but the overall pace remains slow, and there are no obvious reversal signals yet. This further confirms the judgment that the current market is dominated by bearish forces. Observing from the one-hour K-line chart, the price, while trying to repair upwards, is strongly suppressed by the upper track, ultimately failing to reclaim lost ground and instead plunging below the lower track, reflecting the current weak market pattern. It is worth noting that the trading volume significantly increases with the price decline, and the bearish entities continue to release, which fully indicates that the market's bearish sentiment is high, with short positions holding an absolute advantage. Although there may be a brief rebound during the dip, this rebound is more like a technical repair, lacking the momentum for sustained upward movement, making it difficult to form an effective counter-trend. Therefore, at the beginning of this week, the operational idea should primarily follow the daily level correction trend, and adopting a strategy of shorting on rebounds is more prudent.
On Monday, you can short Bitcoin around 96500, with a target focus on 94500-93500.
Ether around 3250 can be shorted, target focus on 3100-3050. #PI