In the morning, we provided a short selling strategy around 96000. The price started to decline from the 95700 line, reaching a low point around 93600, giving a fluctuation space of over 2000 points. I wonder how many people managed to profit from this drop? Currently, after rebounding to around 96400, the price is under pressure and has fallen back. The resistance in the 97000-97500 region we mentioned earlier remains strong. The short-term pattern continues to show a weak trend.
As for the future movement, I personally believe that the 92000 line will be explored, but it won't happen all at once. The upcoming trend will be a step-by-step downward rhythm. Currently, short-term support remains at the 92000 line. According to the four-hour level trend, there will only be a possibility to reverse the downward trend if the second bottom is tested without breaking.
In terms of Ethereum, the adjustment range in recent trading days has also been considerable. Short-term resistance remains at around 3400, and up to now, there has not been a significant rebound. The pattern is similarly weak, and the strategy continues to be to short on rallies.
On Monday afternoon, continue to hold the shorts entered in the 96000-96500 region for Bitcoin. For those who missed the entry, if another rebound opportunity arises, they can still get involved, with the target unchanged, looking to retrace to the 92000-92500 area! For Ethereum, hold the short entered around 3350, with a first target of 3200.
