The rebound is only a brief comfort; the trend will always find its way back. Withstand the oscillations, don’t make random moves. In the early morning, the market continued to weaken: BTC’s “big coin” hit a low of 64259. After the short-side momentum fully released, it pulled up with a high-volume long bullish candle, shooting straight up, with the high topping at 64874. ETH also moved in sync with a steady downward shake, with the low smashed to the 1850 low point. In the early morning, it then showed a wave of high-volume rebound and rally, surging to a high of 1876, which was perfectly capped just above the upper Bollinger band.

Now BTC is at 64678, right below the upper Bollinger band. In the early morning, it surged to 64948 in one go but then couldn’t push higher. After topping, it gradually drifted down. The 1-hour Bollinger band pressure zone is 64767—64948, with the upper band plus this morning’s high. Many people chased longs at the top and got trapped right here; once the price reaches this area, there will be heavy selling pressure to smash the market. Support at 64552 is the Bollinger middle band—this is the short-term dividing line. If it breaks below this level, the market will directly return to weakness. The downside defense point is 64337. As for ETH, only a small amount of “funds” has flowed in, and it’s just a minor inflow—only short-term dip-buying speculation and maneuvering with funds. There is no long-term long-side entry. A large amount of trapped liquidity piles up in the 1874-1878 area; every time the rebound rises into this range, sell pressure will suppress it. Once it breaks below 1860, the market will return to weakness, and the downside target is the 1850 low point.

Monday morning trading outlook

BTC: around 64800-65200, “箜” (buy/sell plan), target 63500.

ETH: around 1880-1900, “箜” (buy/sell plan), target 1800.