A new week has begun, good morning everyone on Monday!

Last night, the price of Bitcoin fell again, touching the 94,200 line in the early hours before stopping. Last night, we provided a reference of 97,000 for a short position at highs, giving us an operational space of nearly 2,000 points. In the early hours, the rebound in coin price was not strong, currently maintaining a fluctuating consolidation around the 95,700 line, with the pattern still weak.

In terms of current trends, after two days of fluctuating correction over the weekend, the bearish pattern has not changed. Overall, it remains in a downward trend, with the dynamics of fluctuation space having contracted. After a series of daily closing shadows, the high points of the coin price continue to decline, showing no significant signs of stopping the decline, indicating that the pullback is not yet over. In the short term, the weak pattern is even more evident, presenting a slow decline in fluctuations. Although there are intermittent rebounds during this period, it adds to the risk of a downward break. Without sufficient momentum to directly break through and recover, we will need to rely on the support of secondary fluctuation spaces. On Monday morning, continue to focus on short positions during rebound actions!

Regarding Ethereum, it has been continuously weakening in recent days, with very small rebound strength in between, and both high and low points gradually moving down, making the weak pattern even more evident. Under the daily line's consecutive bearish structure, we have seen continuous closing with long upper shadows, showing obvious pressure from above. In the short term, pay attention to the pressure around the 3,370 line. If the rebound does not break this level, continue to follow the trend for short positions, looking for a continuation of the bearish downtrend.

On Monday morning, for Bitcoin, short around 96,000 during the rebound, with the recent low around 92,000 as the focus below. If it breaks, continue to look at the 90,000 mark. For Ethereum, aggressive traders can short around 3,280, while conservative traders can short directly around 3,350 during the rebound, first looking at around 3,100, and then focusing on the 3,000 integer mark.