# Monday Early Morning and Morning Trading Strategy for Bitcoin and Ethereum:



K-line fluctuations are market sentiment, while your chips are the confidence to traverse bull and bear markets. Only by enduring the harsh winter when no one pays attention can you deserve the flourishing summer of a bullish market. After Saturday's shock consolidation, Sunday morning saw accelerated bearish selling. Bitcoin came under pressure from Saturday evening's 71077 high, and Sunday morning continued its strong downward break to 68189, rebounded to 68555 intraday high, then weakened again, currently touching a low of 68030. Bitcoin's low has refreshed again. Ethereum came under pressure from Saturday evening's 2168 high, similarly diving strongly Sunday morning, touching 2045 before bouncing, rebounded to 2126 intraday high then weakened in sync, currently touching a low of 2065.

Saturday early morning, Jin Ge emphasized that all bearish views have materialized. The short position laid out near 70700 on Saturday stopped profit at 68500 Sunday morning, capturing 2200 points. Ethereum short at 2155 stopped profit at 2050 Sunday morning, capturing 105 points. Bitcoin laid another short at 69300 intraday, stop profit at 68300, capturing 1000 points again. Ethereum short at 2120, exited at 2068 in the evening with 52 points captured.

**Weekly Level Analysis:**
The Bollinger Band lower channel runs steadily, K-line closely hugs the lower rail with continuous downward exploration, occasional rebounds are strongly suppressed by bears, exhibiting a clear weakness pattern. Current price and moving averages hover at low levels with no signs of strong recovery, overall trend firmly controlled by bears. MACD indicator continues the death cross, bearish signals are clearly discernible. Therefore, operations remain firmly on the rebound short strategy, closely monitoring the 70200 midline key resistance on the daily level. If this level fails to break effectively, bearish pressure will persist, this week will continue downward exploration testing near 65500.

**Monday Early Morning and Morning Operation:**
Bitcoin 70000-69500 can short, target focus on 68000-67500. Weekly swing short can look at 66000 nearby.
Ethereum 2130-2150 can short, target focus on 2000. Weekly swing short can look at 1900.
BTC-2,97%
ETH-4,31%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin