Monday, Bitcoin and Ethereum Afternoon Analysis

Bitcoin's market showed a rebound yesterday, with prices breaking through the 68000 line. However, the subsequent bullish supply was insufficient, and the trend did not stabilize for further upward movement. The daily level support is slowly rising, and the key focus is on the short-term resistance above 69000. If there is no breakthrough before the adjustment, it will continue. Bullish, but do not blindly chase, be wary of prices being pressured to retreat again to support.

From a technical perspective, on the short-period hourly chart, the Bollinger Bands are converging, indicating a test. The subsequent bullish strength is weakening. Currently, the price is running at 68500, and the trend is in a correction. The short-term touches the middle track of the daily line, showing a rebound, and the lower support has not been broken. Both bulls and bears are starting to get stuck, and the moving averages and auxiliary indicators are flattening out. It is recommended to operate on high shorts and low longs.

Regarding Ethereum, the current K-line pattern near 2500 is oscillating, forming a small consolidation range. The market trend shows that the bullish momentum is gradually strengthening and stretching upwards, and one can enter the market simultaneously with Bitcoin.

Monday Afternoon Suggestions

Buy Bitcoin directly near 68000, target 69500

Buy Ethereum directly near 2500, target 2600

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