Trends are not so easily reversed
The entire weekend remained in a state of sluggish trading volume. After the Federal Reserve clearly indicated a reduction in the number of rate cuts in 2025, it is evident that small institutions are pulling out their funds. Lowering rates only extends the time; it doesn’t mean there won’t be rate cuts. There are still two opportunities for rate cuts in 2026, and short-term surges may turn into a slow bull market. Especially since many cryptocurrencies have not reached new historical highs, Bitcoin remains the standout at this stage. The current trend is primarily characterized by fluctuations, which will continue until larger funds take over in the later stages.
Last night, Bitcoin's price fell again, touching the 94,200 line in the early hours before pausing. After two days of weekend fluctuations and corrections, the bearish pattern remains unchanged, especially after the significant declines on the 20th and 19th, leading to a market sentiment that is skewed towards the bears. A sense of panic and unease has spread throughout the market. In the four-hour cycle, the price movement resembles a dramatic rise and fall. Around 97,000, a brief high was formed, followed by a continued decline. The adjustment rhythm is still ongoing, and the pattern is leaning towards a retracement. After the downward pressure, the four-hour line tested the 93,500 position, which has not yet been lost. If it effectively breaks down, the bears will inevitably move further down, and attention should be focused on the 90,000 mark below;
Regarding Ethereum, it has been continuously weakening in recent days, with minor rebound efforts and both highs and lows gradually declining, making the weak pattern more evident. Under the daily line's consecutive bearish structure, it has continuously closed with long upper wicks on bearish candles, showing obvious pressure above. In the short term, the weak pattern is more pronounced, exhibiting a slow retracement rhythm, and although there are intermittent rebounds, it adds to the risk of a downward break. Without sufficient momentum for a direct breakthrough recovery, it will need to rely on the support of secondary fluctuation space. In the short term, pay attention to the 3,420 pressure line; if the rebound does not break, continue to follow the trend looking for a bearish continuation towards the 3,020-3,100 line, which is a key level on the daily line.
BTC trading advice
Enter short in batches at 96,500-97,000; add to short at 97,500; set a stop loss of 600 points; target 93,800.
Ethereum trading advice
Short at 3,350; add to short at 3,400; set a stop loss of 30 points; target 3,210.
