Monday, the dip washing sentiment is strong, initially bullish then bearish

At the beginning of the week, the market staged a "one-hour panic," with Bitcoin plunging straight down below $92,800, a drop of 3.79%. The altcoin sector collectively collapsed, once again a scene of bloodshed. Long positions across the entire network were liquidated, and market sentiment was quite panic-stricken.

The daily chart has entered a life-and-death struggle phase. A break below could see it drop to around 85,000, while a rally could push it up to 98,000. For now, avoid chasing the market; a reversal could easily lead to heavy losses. In the short term, expect a move from long to short, and once the trend becomes clearer, adjust accordingly.

Bitcoin: Suggest going long in the 91,800-92,300 region, target 94,200. If not broken, consider reversing to short.

Ethereum: Suggest going long in the 3,175-3,195 region, target 3,285. If not broken, consider reversing to short.

Note: The above ideas are for reference only. The strategies mentioned are not investment advice. Investing involves risks; enter the market cautiously, and bear the gains and losses yourself. If your operations are not good, you can follow me for real-time strategies. Wishing everyone all the best!