Trading Strategy for Bitcoin and Ethereum on Monday, December 30th

Observing the current market, the market trend over the weekend was relatively stable, maintaining a range-bound oscillation pattern. It is worth noting that yesterday's market showed a gradual downward trend, and in the evening, it even broke the key support level of 94,200. The market has now re-entered a low oscillation range, with a strong risk of forming a top pattern.

As this month comes to an end, the monthly chart shows some noteworthy signs. Since the beginning of this month, although the market has attempted multiple times to break new highs, the highs have been continuously suppressed and are gradually decreasing, indicating that the monthly chart is likely to continue showing bearish candlesticks. Therefore, in terms of trading strategy, it is recommended to maintain a bearish outlook in the near term to cope with possible market correction risks.

Trading Suggestions:

Short Bitcoin at 94,900-94,400, targeting around 92,600-92,100

Short Ethereum at 3,390-3,370, targeting around 3,300-3,250.