Investing is not about quick gains, but about avoiding major mistakes. The market rewards long-term thinkers and punishes short-term speculators. Wealth is not created overnight but accumulated through daily perseverance. The intraday market on Monday initially declined then rebounded, but Bitcoin's rise was modest; it failed again to break the 90,000 level, touching a high of 89,972 before stalling under pressure. Subsequently, it was adjusted by the bears and is now consolidating around 89,500. Ethereum experienced little adjustment, hitting a short-term high again, reaching around 3,150 before encountering resistance and pulling back. Currently, it has dropped to around 3,102 for consolidation. During the day, the market first declined then rose. The Bitcoin short position set at 89,281 points in the early morning gained 1,583 points before being closed. The Ethereum short position around 3,100 was closed near 3,036, gaining 64 points. After the drop, the market rebounded at noon, with precise long entries around 88,050 and 3,056, which were taken profit on during the midday. Bitcoin gained another 1,853 points, and Ethereum gained 89 points. Market conditions change rapidly; blindly going long or short is not wise. Adjusting and following the real-time market is key to successfully managing contracts in both directions.



In analyzing the short-term trend, Bitcoin’s rebound is weak and faces heavy resistance above, making breakthroughs difficult even during occasional rallies. Ethereum is also constrained by high resistance zones, indicating that bearish forces remain. The intraday strategy should focus on the pressure after limited rebounds and the potential downside after weak rebounds. Therefore, flexibility in trading is essential: if resistance holds, consider shorting at high levels and waiting for a pullback; if support appears at lower levels, consider long positions to catch rebounds, maintaining a range-bound strategy. The market changes rapidly; if a breakdown occurs, adjust positions accordingly. The current trend still leans towards a rebound after consolidation. Observe the strength of the rebound first, then decide whether to go short.

In the afternoon, Bitcoin can be bought around 89,300-89,000 with targets near 90,500-91,500. Ethereum around 3,100-3,080 can be bought with targets near 3,200-3,250.
BTC1.34%
ETH2.13%
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