In the early hours of the weekend, the U.S. personally intervened by deploying bombers to bomb Iran's nuclear facilities. The cryptocurrency market once again experienced a rapid decline due to news, with Bitcoin dropping 2.66% by 22:00 on Sunday evening, while Ethereum plummeted nearly 9%.

Currently, the daily chart has formed a TD6 downward trend, with four consecutive bearish candles. The MA5 and 10-day moving averages, along with the middle band of the BOLL, have started to slightly resonate and press down on the cryptocurrency prices. The MACD and KDJ indicators are showing a bearish expansion downward arrangement, indicating that the overall bearish trend is dominant. The strong resistance on the daily level is noted at the 102500-103300 range. If the price fails to effectively stabilize above any resistance, it should be viewed with a bearish outlook. The short-term support is around the 100200 level. If the bears break this support with significant volume, it will only be a matter of time before Bitcoin retraces to the previous breakout point of around 96000.

On the 4-hour chart, as the bears gained strength in the evening, the current MA5 and 10-day moving averages are resonating and pressing down on the prices. The TD indicator has again shown a green TD1 downward trend. The current indicators reflect a strong bearish sentiment, and when combined with the hourly chart, it shows that the overall trend for Bitcoin is dominated by bears in the short term. Therefore, for operations from the early morning to the morning, my personal view is to focus on short positions, with long positions as a secondary strategy.

Trading Strategy: Gradually open light short positions in the 102000-103000 range. Target: 100500-99000. Look for a downward spike to 97000. Stop loss: 103500.

For light long positions, try in the range of 99000-99500. Target: 101500-102500.

Ethereum's overall trend is synchronized with Bitcoin, as its daily trend leads Bitcoin. The short-term market is also leaning towards a volatile downward trend. However, due to lower trading volume and resistance compared to Bitcoin, the decline is significant, with resistance at the high point around 2265-2300. If the price fails to effectively stabilize above any resistance, it should be viewed with a bearish outlook. The support level is around 2130-2000. Therefore, for operations from the early morning to the morning, my personal view is to focus on short positions, with long positions as a secondary strategy.

Trading Strategy: Short in the 2265-2300 range. Target: 2180-2130. Look for a spike down to 2000. Stop loss: 2330.

For light long positions, try in the range of 2150-2110. Target: 2250-2280.

For the short-term trend, this should be sufficient, and further updates will follow. My personal views are for reference only. There may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be based on real-time guidance. Please exercise caution when entering the market. Analysis is not easy, and I welcome everyone to like and follow the public account for surprises!

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