Good Monday morning! After the bullish attack in the early morning, momentum weakened, and Bitcoin faced resistance at the stage rebound high of 64,568, pulling back and declining all the way down, touching around 63,200 this morning; Ethereum synchronized with the downward trend, with lower highs, dropping to above the 1,700 level. Short-term attempts to break through key resistance repeatedly failed, with selling pressure concentrated at high levels. On a larger scale, it has broken multiple support levels, leaving room for further decline.

Last night, I rested early, and did not position in the market; last week, I flexibly followed the market rhythm, gaining a total of 13,305 points on Bitcoin and 491 points on Ethereum. Markets never move in a straight line; only those who endure the consolidation can maintain the prosperity.

Currently, the market shows that after the daily chart opened downward space, it began to enter a correction phase. With the weekly chart closing lower, there is still potential for a second bottom in the structure. The four-hour rebound reached the upper band resistance and started to fall back; after losing upward momentum, it shows a gradual downward trend. Bulls are unable to refresh the recent high again, and overall, it remains weak below the small-cycle high of 64,500. The rebound failed to break through the high to open up space. The hourly Bollinger Bands are opening downward, having broken support at Bitcoin’s 63,700 and Ethereum’s 1,715 key levels, which have now turned into resistance levels. The overall candlestick continues to close bearish, with highs constantly moving lower. Short-term upward continuation is insufficient, and the downward channel reopens. The weekend rebound failed to break through the 64,700 key resistance, and the bears have regained control. Going forward, it’s advisable to prioritize short positions at resistance levels.

Bitcoin: Short around 63,700–64,500, target 63,000 → 62,200
Ethereum: Short around 1,715–1,730, target 1,675 → 1,640
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