12.2 Monday Evening Strategy:
In the afternoon, Bitcoin experienced a dip, reaching a low around 94,900, while the momentum also showed a downward trend, slowing down after touching the 3,590 line.
Currently, the short-term market remains weak, showing signs of entering a trajectory of contraction and downward oscillation. The continuous occurrence of rebounds and pullbacks actually implies potential risks of a breakdown. The hourly chart candlestick patterns show more characteristics of consolidation, lacking clear directional guidance; it can quickly recover losses with bullish candlesticks after a series of bearish declines, yet demonstrates rapid but non-sustained drops, with rebounds lacking breakthrough strength. The short-term up and down movements have come to a stop, and currently, bulls are slowly recovering, focusing first on the strength of the bulls' rebound.
Trading Suggestions:
Buy Bitcoin at 94,700-95,000, target 96,500
Buy Ethereum at 3,580-3,600, target 3,750