I am your old friend. Xu Bin recently went back to his hometown to deal with some matters. He met you again after half a month. "Long time no see. I miss you so much." Next, I will tell you about the recent trends.

Bitcoin experienced a wave of negative retracement over the weekend, and the three consecutive negative declines on the daily line gave back nearly a thousand points of the previous gains. The daily line entered a wide-range shock stage, and the long-short tug-of-war was large, and it did not go out of one side. After the daily negative retracement, accompanied by a small rebound correction and partial correction, the daily line is still falling, but the rhythm is rounding downwards while consolidating and correcting.

According to the 4-hour chart of Bitcoin, there was a pause after the continuous decline, and it was corrected with a rebound in late trading last Friday. This week will re-construct the step high point, which is also the critical point for the downward trend. The previous high point of 35868 was destroyed by the rebound, breaking the weak decline and converting into a shock correction and then decline. At the beginning of the week, focus on the first-line high of 37500, and there will be no breakthrough at this level. The 4-hour structure will rely on this level to form a concussive downward channel. Today's operation idea is to choose the opportunity to rebound and go short.

BTC short-term: 37000-200 area empty, target 36300, defense 37550

ETH short-term: 2045–52 empty, target 2015, defense 2075

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