BTC surged to a high of 63,779 intraday. ETH’s highest was 1,898. After the price pushed higher, bullish momentum waned and a sustained downward trend kicked off. The rebound was weak; after bouncing back, prices kept setting new intraday lows. BTC’s lowest fell to 62,562, while ETH dropped to 1,842. Bullish follow-through was insufficient. In the short term, the market is dominated by bears, showing a weak “pump-and-dump” style行情.
Currently, the 15-minute Bollinger Bands are running downward. Price remains under constant pressure, trading below the Bollinger middle band at 62,875. The weak structure is clear. Key resistance overhead is 63,216, and short-term support is 62,534. If 62,534 support is held, the market may see repair and a rebound. Once support is effectively broken, downside room will open further; the lower target is 62,200. ETH is moving in sync and also weakening: it’s under the Bollinger middle band at 1,857. The current price is close to the lower Bollinger band at 1,846. Overhead resistance is 1,868. Pay close attention to the 1,842 support zone: only if it holds effectively is there a chance for a rebound/repair; if it fails, the downtrend will continue. In the short term, conditions are weak; the trend has not reversed. Avoid blindly re-adding positions to bottom-pick. You can prioritize opening shorts against resistance. Right now, on the 15-minute timeframe, long trades are only suitable for light position “battle” after stabilization.
Monday afternoon outlook
BTC: Enter on the 62,800-63,100 rebound range; target 62,000. If it breaks down, look for 61,500
ETH: Enter on the 1,855-1,870 rebound range; target 1,820. If it breaks down, look for 1,800
Short-term longs
BTC: If 62,400-62,550 stabilizes, try a light long; stop loss below 62,100; target 62,900
ETH: If 1,840-1,848 stabilizes, try a light long; stop loss below 1,830; target 1,870