Monday Evening Analysis

Bitcoin's upward channel continues to emit upward momentum

Although the 4-hour chart shows severe overbought conditions

From a height perspective, it does not yet seem to have peaked

Moreover, various unfounded interest rate cuts have also been initiated

Referring to the daily chart, a push towards 110,000 is to be expected

Ethereum's inability to stabilize above 4000 is also an intriguing point

In the short term, I lean towards a correction in the range near 102,000

As for tonight, I suggest a short position at 105,000