#BTC# ETH looks forward to next week's trend

#Strategy加码BTC配置 Bitcoin's Monday market trend, can this wave continue upward?

How has the market been recently?

Since the beginning of the year, Bitcoin has been on the rise. It opened at 87,600 yuan and has now surged to around 92,900. Currently, it is stable at this critical 90,000 level.

How to read the chart

This morning's trading was indeed intense, with a large bullish candle dropping from 91,500 directly to 92,900. In one hour, it gained over 1,400 points. At first glance, Monday's early trading looked good. But can this really turn today's close into a red finish? Honestly, I think this is just a trap to lure more buyers. Looking at the KDJ, the three lines are already losing momentum, and the MACD is also showing a dead cross moving upward. It seems to have some energy, but in reality, the underlying momentum has long been exhausted—such a situation usually leads to a lack of further upward movement and a reversal.

Looking at the 4-hour chart, the large bullish candle has already broken through the middle upper band, but the upper band itself has also stopped expanding upward. This indicates that whether today or this week, Bitcoin is likely to move downward, and short positions will profit again.

How to operate

Short Bitcoin within the 92,800 to 93,000 range, with targets at 91,000 to 88,000, and a stop-loss set at 94,200.

This is not an exaggeration; the magnitude of this decline is right here!