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In the crypto world, those who truly make big money are never gambling on luck, but understanding trends, keeping up with the rhythm, and holding onto profits. Understanding a trend once is better than a hundred blind trades; riding the main trend outweighs countless small gains and small losses. Don't be led by volatility anymore—understand the trend, and you are the master of the market. From early Monday morning, Bitcoin initially rebounded to touch 71,423 before facing resistance and declining again, currently touching around 70,458. Ethereum rebounded to 2,217 and faced resistance again, currently touching around 2,182. Last night, I provided a rebound short idea, which was validated by the market movement—currently holding short positions at 71,400 on Bitcoin and 2,200 on Ethereum, expecting further decline. Everyone can patiently hold on.
From the current market situation, the daily chart shows a large bearish candle, and the overall trend remains in a downward channel of rising and falling. However, due to frequent news recently, the market has formed wide-range oscillations and tug-of-war. On the 4-hour chart, after local volume expansion and correction, the short-term focus is on the strength of the bullish rebound. Key short-term resistance is around 71,600–71,300. If this level is reclaimed, the bulls will continue upward; otherwise, the market will deepen its correction. Currently, the candlestick structure still maintains a wide-range oscillation approach. For trading, continue to follow rebounds and shorts within the day, adjusting upon breakout, and observe the shape changes as the market moves.
On Monday, Bitcoin can be shorted directly between 71,300–71,500, with short-term targets at 70,400–69,500. For the weekly swing, short positions can target 68,500–67,300.
Ethereum can be shorted between 2,230–2,220, with a short-term target at 2,150. For the weekly swing, short positions can target 2,080–2,010–1,960.