Monday, a new week has begun, good morning everyone!

Yesterday, I referenced the 96000 line to continue the short position. Bitcoin rebounded from the 95700 line on Sunday morning and then continued to fluctuate downwards, touching a low of 93000 in the early morning. Congratulations to those who followed the thought process, as there was a space of over 2000 points.

Currently, in terms of shape, the weekly line has a long upper shadow and a long bearish candle. The moving averages above have begun to form resistance, and in the short term, it remains in a bearish trend. On the daily line, last week's rebound touched the middle track of the BOLL line and has not had a significant rebound since then. Therefore, moving forward, we will continue to follow the market direction and layout short positions while waiting. As of now, the key resistance above remains at last week's high. However, with the moving average system declining, if the coin price further retraces, the short-term rebound is not expected to be large. The first support below continues to be at the 92000 line. If this position continues to break down, it may open up new downward space. So currently, we will continue to view the short-term operations as weak adjustments.

As for Ethereum, it has been fluctuating within the range for nearly 10 trading days and has not been able to give a breakthrough move. Yesterday, after rebounding from the 3410 line, it continued to fluctuate downwards and touched the 3320 line again in the early morning but stopped. However, the rebound strength is very weak. From the current shape, it is highly likely that the support at the 3300 line will not hold, and breaking below is a high-probability event. Therefore, in the morning thought process, a slight rebound can be followed by another short!

On Monday morning, Bitcoin rebounded near 94000 to short, looking down at the 92000 line, and if broken, continue to look at the 90000 mark. For Ethereum, reference the 3370-3400 area to short, looking down at 3200, and if broken, continue to look at the 3000 integer mark! #加密市场调整