Last week, Bitcoin's volatility was not significant, starting to enter a sideways consolidation on Friday, and remained motionless over the weekend. As a result, it plummeted directly when the market opened on Monday. When the unreliable one speaks, the world trembles. Gold and silver gapped up and broke historical highs, while the crypto market directly nosedived, with altcoins experiencing another wave of zeroing out. Indeed, a thorough analysis is as fierce as a tiger, with price movements entirely dependent on the unreliable old Pu! During the day, there was a sharp drop followed by low-level consolidation, crashing to 91,800 in the early session before a weak rebound. Currently, it is oscillating around 92,700, with key support at 91,800-92,200 and strong resistance at 93,500-94,000. The overall trend is bearish correction, with the main rhythm being to short on rebounds and assist with short-term longs when stabilized.

Bitcoin's weekly candlestick closed as a small bullish line with a long upper shadow. The Bollinger Bands are all trending downwards, and the MACD bearish energy continues to shrink. After the KDJ golden cross, it is oscillating upwards, while the RSI is trending downwards. After reaching a high of 97,932 last week, the daily candlestick has shown a downward trend with four consecutive bearish candles. The current price is testing the mid-band support, with the 5-day and 10-day moving averages turning downwards, and short-term support turning into resistance. The MACD bullish energy continues to shrink, the KDJ has formed a death cross downwards, and the RSI is turning down. On the 4-hour level, after breaking downwards, it is consolidating at a low level with weak rebounds, and the bearish trend is dominant. The MACD death cross green bars are expanding, and bearish momentum continues with no obvious signs of a stop in the decline. The price is at the lower edge of the descending channel, and if the rebound meets resistance, the correction will continue. On the hourly chart, the Bollinger Bands are opening downwards, and the price is running below the mid-band. The bearish pattern remains unchanged, with the MACD green bars shrinking and showing signs of a golden cross, indicating a weak rebound demand in the short term. The main operation for the day is to focus on short positions!

For upper resistance, pay attention to 93,500, 94,500, and 95,500. Consider participating in short positions around these levels, targeting lower at 92,500, 91,500, and 90,500.

For Ethereum, upper resistance is at 3,260, 3,300, and 3,350. Consider participating in short positions around these levels, targeting lower at 3,200, 1,350, and 3,100.

If you are holding long positions that are in the red, it is advisable to exit at breakeven during rebounds; preserving capital is crucial. This week’s strategy is to focus on shorting at highs. Every trader is a student of the market, which is a strict teacher, giving us lessons every day. The teacher will present many problems, some easy and some difficult. As students, we need to have great patience and choose those problems that are easy, simple, or even obvious to solve. We must learn to let go of those complex and difficult topics. The reason for this is to risk a little to gain a lot, aiming to earn a considerable amount with minimal losses. Respect and reverence for the market is a humble attitude and the correct way to invest.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。