Technical Review Monday: BTC and ETH Fluctuations Amid Market Pressure

Last Monday, the crypto market experienced sharp volatility, with BTC and ETH facing significant technical challenges. Based on price behavior analysis and market responses, trading opportunities should be noted for the upcoming session, especially regarding short and long positioning strategies.

BTC Fails to Break Through 68,200 Resistance, What’s Next?

On Monday, when the market opened, Bitcoin failed to break the 68,200 level for the ninth time, signaling buyer resistance in this area. The price then dropped to a 20-day low of 65,000 before rebounding back to 66,000. This movement created a double liquidation: first, chasing long buyers who set stop-losses at new levels, then trapping short sellers who entered at the bottom.

Currently, BTC is trading at 67.42K, down 2.23% in the last 24 hours. From a technical perspective, key support levels are at 64,600 and 63,100, with a short-term rebound likely at these levels. If on Tuesday’s market open BTC stabilizes around 67,800, bullish momentum could trigger a rally to 70,000 or even 72,000. However, entering long positions at this point is risky, as false moves often occur after opening—typically quick spikes upward within 30 minutes, followed by market direction determination.

For the next short opportunity, ideal target orders are around 71,888, while at 68,000, only observation is recommended, not execution. The best strategy for this session is scalping (intraday short-term trading), but current long positions are highly vulnerable to getting caught in double volatility.

ETH Building Support at 1838 Level

Ethereum shows a different pattern with much stronger support. The last long position opened at 1838 was not liquidated, indicating buyer resilience in this support area. After touching 1838, ETH moved up to 1920 on Monday. Currently, ETH is trading at 2.03K, down 3.59% in 24 hours.

The biggest resistance above is at 2,130 in the long-term timeframe, while short-term pressure is at 1,958. The consolidation movement between these levels indicates market uncertainty, with ETH building a base for the next move. Strong support at 1838 is an important zone to watch for potential reversals.

Trading Strategies for the Next Period

Monday’s analysis indicates that the market is still testing resilience at key levels. For traders looking to capitalize on this volatility, focus on scalping with tight risk management during this uncertain period. False moves typically occur within the first 30 minutes after opening before the market finds a clear direction and follows the trend until close. Active trading throughout the session is unnecessary—wait for confirmation of direction before taking significant positions.