Good morning, friends. A new week begins. Yesterday, the price rebounded upward and touched the upper resistance level, then continued to be dragged downward. Last night, the price experienced a certain rebound, but the trend did not show a clear change. Subsequently, the price quickly dropped again near the 65,000 level. Currently, the price has rebounded and recovered somewhat. The bearish outlook we shared last night was once again perfectly validated. Our short position on Bitcoin at 67,083 was strongly hit at 65,334, capturing a 1,749-point profit. The Ethereum short position we entered simultaneously also gained 91 points. After a quick adjustment, we regained our footing in time, laying a solid foundation for this week’s layout. Opportunities are abundant in the recent market. If you want to quickly change the situation, feel free to follow Huayu’s lead.

Looking at Bitcoin on the four-hour chart, after a rapid rise with consecutive bullish candles, the price then fell sharply below the midline, with a long lower shadow indicating that although the price is continuing to decline, there is still ongoing tug-of-war between bulls and bears. The MACD histogram on the four-hour level gradually shifted from positive to negative, and the three lines of the KDJ are quickly diverging downward. After a period of consolidation, the price still has a further downward trend. In the short-term hourly chart, the price experienced a series of bearish engulfing candles, dropping quickly from above the upper band to near the lower band. It then rebounded sharply with two bullish candles. The long upper shadows on the candles indicate that the bulls are still under continuous pressure. The Bollinger Bands are expanding, opening a channel for further downside. The short-term outlook remains bearish, and it’s advisable to participate in short positions on rebounds.

Currently, Bitcoin is recommended to go short at the current price, focusing around 65,000. For Ethereum, short near 1,970, watch for a short around 1,870.