Monday's opening continued to decline. Although there was a slight rebound in prices on Sunday evening, the overall trend has not stabilized above the key level. After the morning session on Monday, the price fell again.
In the current trend, Bitcoin and Ethereum rose to the resistance point near the evening price on Sunday and then fell back. The current price has once again dropped to the lower boundary of the daily chart.
The strategy for the daytime remains to wait for a low-buy opportunity during a pullback. If the price rebounds first, one can also look for short opportunities.
In the four-hour chart for Bitcoin, the KDJ lines are running parallel, and the MACD bearish energy bars are expanding. However, overall, the trading volume is insufficient. Both the hourly and four-hour charts have already hit bottom, so here we can first look for a round of long rebound opportunities. The range of 94000-93300 can be a place to enter long positions, aiming for a rebound to around 96500-97000 with a 500-point stop loss. If it does not break above, one can consider going short!
The trading strategy for Ethereum is similar. One can pay attention to support below at 3240-3180 to attempt a long position and target a rebound to 3320-3380, with a 40-point stop loss. If it does not break above the resistance, one can consider going short!