Monday Night Bitcoin and Ethereum Trading Ideas and Strategy Analysis

Mindset is the key foundation for successful trading. Do not become overly euphoric or despondent due to short-term gains or losses; keep a long-term perspective. Just like viewing a magnificent painting, you shouldn't focus solely on a small flaw in one corner but should appreciate the grandeur of the entire artwork. On Monday morning, after a short-term rally, the price faced resistance, then dipped to around 92106 to halt the decline and rebounded. In the afternoon, it recovered further and is currently still above 92500. Ethereum's movement is consistent with Bitcoin; it reached a short-term high but faced some pressure, then dipped below 3131 before rebounding again. It is now trading around 3172. Old Chen's intraday bullish strategy has been largely validated. There is no shortage of buying power during the day; the afternoon space was limited, so no additional reminders were given. Breaking new highs still requires time for correction, and the bullish trend remains unchanged.

From the daily chart perspective, the short-term trend has basically stabilized in an upward trajectory. Currently, the candlestick is forming a large bullish candle, indicating that in a single-sided upward rhythm, the extension of the bullish move may continue. On the four-hour chart, after sideways consolidation, the price shows consecutive bullish candles breaking through the upper Bollinger Band middle band resistance. Moving averages are also diverging upward, indicating a bullish momentum. The market is consolidating around 92500, with no obvious signs of decline. In the short term, the bullish trend dominates, and all technical indicators point to bullishness. Focus on the support at 91000; as long as there is no sustained downward movement from this level, it can be considered a buy signal. Follow the trend and participate in low-buying.

Bitcoin: 92500-92300, Long, target focus on 94000
Ethereum: 3150-3130, Long, target focus on 3300