Latest BTC/ETH Analysis and Strategies for Sunday Night

Reviewing the weekend, we successfully went long from around 83,500 to 85,000, enjoying a pleasant weekend. As we enter a new week, we are online all day and fully focused!

Currently, the market is in a consolidation phase, with bulls and bears locked in a stalemate. On the daily chart, prices remain suppressed, and several attempts to break higher have failed, highlighting heavy selling pressure and significant resistance above. The 4-hour chart shows an even clearer consolidation pattern, repeatedly oscillating around the middle band of the Bollinger Bands, with the trading range continuously narrowing. Technically, a symmetrical triangle consolidation pattern is gradually forming. In this pattern, the effectiveness of support and resistance levels becomes especially critical: keep a close watch on the key support area formed by previous lows; if it is decisively broken, a strong downward trend is likely to follow.

Considering current volume and technical structure, the high short position strategy remains:

BTC: Short around 87,000, short-term target 85,000, mid- to long-term targets 83,000 and the 80,000 level;

ETH: Short around 2,850, short-term target 2,730, mid- to long-term targets 2,600 and around the 2,500 mark. $BTC