Now is not the end, just an echo of the previous cycle, the real climax is still on the way. On Monday, Bitcoin's market showed a clear downtrend since the morning, with the price continuously dipping from the morning high of around 117945, and nearing the evening market, it hit a low of around 114605. Ethereum maintained a synchronized move with Bitcoin, similarly experiencing a strong decline from the morning high of around 4533 to a low of around 4225 in the afternoon. In the morning, Brother Sheng clearly provided a bearish outlook, and the market played out as expected, accurately capturing the rhythm of the decline. At the same time, short-term short orders for Bitcoin and Ethereum were entered around 117444 and 4464 respectively, and exited around 116253 and 4399, with the Bitcoin short order capturing a space of 1200 points and the Ethereum short order capturing a space of 65 points. Additionally, in the VIP swing trading group, Bitcoin and Ethereum swing medium-term short orders were arranged around 117200 and 4460 respectively, and perfectly took profit around 115000 and 4300. The Bitcoin swing medium-term short order captured a space of 2200 points, while the Ethereum swing medium-term short order captured a space of 160 points.

According to the current market, the four-hour level shows a trend of six consecutive declines maintaining an upward move, with the downward space completely opened up. The bearish momentum continues to spread, and the bulls are unable to provide any decent rebound. The one-sided formation has already taken shape, and the overall trend is completely dependent on the bearish expansion. From the one-hour level, after experiencing a round of dips, the market rebounded and warmed up to the upper Bollinger Band, oscillating and consolidating. Although the bulls managed to provide some degree of rebound during this process, the rebound strength is weak, and the overall structure remains bearish. The MACD histogram is gradually expanding below the 0-axis, with downward momentum gradually spreading. However, the KDJ indicator's three lines have formed a golden cross upward in the short term, so there is a certain expectation for a technical rebound in the future market. Therefore, in terms of operations, we will adopt the strategy of selling high after the rebound.

Short order can be placed around 115700 for Bitcoin, with a target at 113500.

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