On Monday morning, both Bitcoin and Ethereum started their downward trend simultaneously. Bitcoin approached the 86,000 level, while Ethereum dipped to around 2,787. The bearish momentum is clear, and the trend strength is evident.
From the current market situation, it is dominated entirely by bearish sentiment. On the daily chart, the bearish volume is increasing, with all cycle indicators diverging downward; the four-hour Bollinger Bands remain in a downward opening state. Even minor rebounds are merely technical corrections, and the overall bearish pattern remains solid. In this market condition, we should continue to follow the trend and go short!
Bitcoin rebound target: around 87,800-88,500, then short below that, aiming for 86,000-84,300. Ethereum rebound target: around 2,900-2,950, then short below that, aiming for 2,800-2,700.
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On Monday morning, both Bitcoin and Ethereum started their downward trend simultaneously. Bitcoin approached the 86,000 level, while Ethereum dipped to around 2,787. The bearish momentum is clear, and the trend strength is evident.
From the current market situation, it is dominated entirely by bearish sentiment. On the daily chart, the bearish volume is increasing, with all cycle indicators diverging downward; the four-hour Bollinger Bands remain in a downward opening state. Even minor rebounds are merely technical corrections, and the overall bearish pattern remains solid. In this market condition, we should continue to follow the trend and go short!
Bitcoin rebound target: around 87,800-88,500, then short below that, aiming for 86,000-84,300.
Ethereum rebound target: around 2,900-2,950, then short below that, aiming for 2,800-2,700.