Sunday evening BTC/ETH analysis and operations

Over the weekend, BTC and ETH fell into a narrow range of fluctuations, presenting an overall trend of oscillation and decline. However, the momentum during the downward process has always been insufficient. More crucially, after the previous round of decline, the strength of the rebound has remained weak, indicating that the damage caused by the earlier drop has not yet been fully repaired. Both bulls and bears are temporarily in a state of weak equilibrium.

From the four-hour level trend, after rebounding to the key resistance level, it encountered resistance and fell back. The MACD indicator maintains a bearish running pattern, with the dual lines showing a dead cross formation, indicating significant short-term pressure characteristics. Attention should be paid to the resistance strength at the BTC 103500 level and ETH 3480 line above; without breaking through, the previous rebound is unlikely to be sustained. The daily level trend still appears weak, with a high probability of continuing to oscillate and fall back, compounded by the weakening bullish momentum at the weekly level and the gradual rise of bearish forces, leading to a cautious short-term trend. However, it is worth noting that if the subsequent low points consistently hold above the lower edge of the previous sideways oscillation range without an effective breakdown, there is a possibility of further accumulating strength during the oscillation, and there may still be potential for a rebound.

Evening operations focus on short selling on rebounds:
Short position on BTC in the range of 102000-103000, short-term target around 100800, mid to long-term target near the bottom of 98000.
Short position on ETH in the 3430-3480 range, with a short-term target around 3360 and a medium to long-term target around 3250.

Strictly control positions and set stop-loss.
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