#BTC Monday morning Bitcoin Ethereum market analysis and trading suggestions

Looking back at the Bitcoin market in the early morning, the price touched a phase low of 98115, and the bulls launched a technical rebound as expected. Lao Tian had already reminded everyone to watch for the wave rebound, which peaked at 100988. Friends who followed this idea should have reaped considerable rewards. The Ethereum market also showed a synchronous trend, with the price rebounding from a low of 2111 to around 2246. Currently, the overall downward trend of the market remains unchanged, with bearish momentum prevailing. The operational strategy maintains a high short idea during the rebound.

From the perspective of daily technical patterns, the price has effectively broken below the key support of the lower Bollinger Band. The bearish dominance is reflected in the moving average system showing a bearish arrangement, with the middle Bollinger Band continuously declining and the price significantly deviating from it, indicating that the market is in a noticeably weak state in the short term, with bears holding an absolute advantage. The price is operating within a standard descending channel, with recent lows continually moving lower, and the bearish trend is still ongoing. The KDJ value has entered a deep oversold zone, suggesting a technical rebound demand in the short term, but the K/D lines have not yet formed a golden cross, and the rebound momentum has not been confirmed. The RSI6 index has broken below the 20 oversold line, indicating excessive market selling, but there is no bottom divergence pattern, and the trend reversal signal is still insufficient. The MACD death cross status continues, and the green momentum bars are accelerating, indicating that bearish momentum remains strong.

Operation Suggestions:
Bitcoin 101000 - 101500 range fluctuation, short term looking at 99500.
Ether is near 2250, with a short-term target of 2150.
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