Good morning everyone on Monday!

Last night, the price of Bitcoin fell again, touching the 94200 level in the early hours before stopping. In the early morning, the rebound in the coin price was not strong, and it currently maintains a range around 95700, with a weak overall pattern.

In terms of the current trend, after two days of consolidation over the weekend, the bearish pattern has not changed, and the overall trend is still downward. The volatility range has shrunk, and the high points of the coin price continue to decrease without obvious signs of a bottoming out. In the short term, the weak pattern is even more apparent, displaying a slow retreat rhythm. During this time, although there have been intermittent rebounds, they add to the risk of further declines. Without sufficient momentum for a direct breakthrough, we need to rely on the support of secondary volatility.

Short-term operation suggestions for the morning:

Bitcoin around 95500-96000, with a stop loss of 800 points.

Ethereum around 3300-3350, with a stop loss of about 50 points.