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Had a pleasant weekend, and now I can start a new week of trading.
No matter when, I still remain confident in trading.
The weekend saw a continuous decline, with a significant drop in the morning.
It's a pity that I wasn't trading during that time.
Currently, the price has formed a break below 2200, resulting in a large spike-down behavior.
But it doesn't seem very optimistic, as not many people are taking on positions.
This is not a good sign.
Bitcoin has already turned sour, although the daily chart is bullish, the four-hour chart shows a bearish signal.
In the short term, it's a short squeeze behavior; whether it turns from bullish to bearish or remains unchanged is an important period.
Ethereum is very pessimistic; the entire bullish wave formed since April has completely ended, and 2146 has broken, invalidating the bullish pattern.
The entire decline over the weekend was a fifteen-minute trend, with a five-minute central zone upgrade at the end, accompanied by massive selling.
This is a typical case of range trapping + backtesting after backtesting, usually only appearing at the early stages of a decline or in long-term trends.
It's hard to analyze today; actually, it's just a big plain talk, with no substantive content.
Currently, it's just waiting for consolidation; trying to catch the bottom without a clear trend type is pointless.
Even if I quickly reversed, it wouldn't be within the scope of technical plans.
The word "wait" is full of regret in real life, but in trading, it's considered top-tier writing.