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1.5 Monday Bitcoin and Ethereum Evening Analysis
From the current market situation, the 4-hour timeframe shows that Bitcoin, after reaching a high of around 93,380 this morning, faced downward pressure. It is currently trading below the upper band of the Bollinger Bands at around 92,400, with short-term narrow-range oscillation and correction. The Bollinger Bands are expanding, and the three bands are continuing to rise. After a short-term attempt to reach a high point, it entered a correction phase, but the correction momentum is weak and lacks reversal potential. This pullback is just a normal profit-taking phase after a high, and the market is still in a rebound trend. Therefore, the correction can be seen as a low-entry opportunity. After the correction, Bitcoin is expected to test 93,800, and Ethereum around 3,300.