Last night, the price of Bitcoin showed a downward trend again, stabilizing after reaching the 94200 line in the early morning. The short position strategy recommended at the 97000 line yesterday proved effective, achieving an operational space of nearly 2000 points. In the early morning, the price rebounded weakly, currently maintaining a volatile consolidation pattern around the 95700 line, still showing weakness in form.

From the current trend, after two days of oscillation and repair over the weekend, the bearish pattern remains unchanged, and the overall situation is still in a downward channel, with only the oscillation space narrowing. After consecutive bearish candles on the daily chart, the price peak continues to decline, with no obvious signs of a bottoming out, and the correction has not ended. In the short term, the weak pattern is more prominent, showing a slow downward oscillation rhythm, with intermittent rebounds appearing more like a buildup of energy for a breakdown. If there is a lack of sufficient momentum to directly break through and recover, it will need to rely on the strength of secondary fluctuations. On Monday morning, short-term operations will still focus on seizing the rebound opportunity to lay out short positions!

Operating Strategy:

BTC: Short near the 95800 - 96300 range upon rebound, targeting 94300 - 92000 downward.

ETH: Short near the 3320 - 3350 range upon rebound, targeting 3200 - 3150 downward.