The market opened on Monday with a bang, is the new moon line and the new weekly line so exciting right from the start? Am I bringing the market crash curse just by stepping out?

In the early session, BTC directly broke through the 90,000 mark, a position I emphasized repeatedly over the past two days—holding the small 90,000 would provide a chance for a small rebound, but once it is lost, one must be prepared for a deep correction. Now the price is heading towards 86.5K, and it's no use being a wise man after the event.

In the short term, can we see a decent rebound today? The key depends on the trading volume. If the rebound is weak, we need to keep a close eye on several support zones below: the first line of defense is 85.7K-86K, followed by 83.5K-84K, and finally the larger range of the previous low at 80.6K-81K. Theoretically, we can enter long positions at these levels, but it depends on the actual strength of support after hitting these levels.

If there is a rebound this week, the resistance levels to watch are 93.1K and 96.5K as the two major thresholds. The market is waiting for the conclusion of interest rate cut expectations, and if there is an unexpected surge, it will be a golden opportunity to set up short positions for profit-taking.

**Today's Key Focus**: The position at 88730 is a watershed. If the rebound cannot rise above this level, it indicates weak buying pressure, and we will continue to look for a pullback to the previous low of 86.9K; if it breaks below, the support levels at 85675→83850→82270 will need to be verified one by one.

Conversely, only by standing above 88730 can the bulls be considered to have regained their strength. The resistance levels above are 90325, 91830, and 93100 respectively.

ETH is focusing on the 2918 level today, the logic is similar to BTC—if it can't break above, we will continue to watch for a pullback to the previous low of 2831. If it breaks, then... ( content continues )