Since the market dynamics over the weekend were relatively flat with few significant moves, the short position we established on Friday night remains unchanged. The slow movement of the market is indeed frustrating, but we need to remain patient.

In terms of $BTC Bitcoin, we once again recommended a short strategy on Friday. Once the direction is determined, there is no need to hesitate too much and act directly. The target price is 65,000 points.

It is obvious that the market is still in a weak state, and the Bitcoin price seems to be unable to cope with the impact of 69,000 points, and it has never been able to stabilize above this level. Although there was a breakout on Friday, it failed to sustain and prices subsequently fell back. On the 4-hour chart, the price continues to run below the 50-day moving average, and the K-line chart once again shows signs of being suppressed. Therefore, below 69,000, one can safely continue to hold short positions.