Monday evening Bitcoin and Ethereum market analysis and trading suggestions
The morning market trend met expectations, and it is not advisable to blindly chase shorts at this stage. Although there was a slight pullback at noon, the rebound trend has not changed. Many friends asked why it is not advisable to short, and the current levels may have provided the answer—from the intraday low of around 87500 steadily rising to the 89887 line. Although we have not touched the critical position of 90000 that we previously pointed out, the nearly 2000-point rise has fully demonstrated the strength of the trend, and the remaining hundred points of difference do not require excessive attention.
Today's real trading continues to execute long positions, accurately grasping the rhythm: the first round of long positions in the morning gained about 800 points; during the noon pullback, we entered the market again, and by the afternoon, we exited with a total profit of over 1200 points. Ethereum also provided more than 80 points of space. All strategies are based on forward-looking analysis, and the logic can be traced throughout.
The technical structure shows that after the confirmation of the weekly doji continuation signal, a breakout trend continues. The current price is temporarily pausing around 89800, but the key resistance still lies above 90000—this position, as the initial drop point, may see a technical pullback after the first touch. The overall trend remains bullish, especially after the breakout above 87000, where the bullish structure has become clear. The small cycle is currently in a correction phase, and this consolidation still represents a healthy adjustment, not altering the dominant direction. We will continue to pay attention to the release of bullish momentum after the end of the pullback, and the strategy will still focus primarily on trend-following layouts.
Evening trading suggestions:
Bitcoin focus on entering long in the 89300-89500 range, with a target towards 91000.
Ethereum focus on entering long in the 3000-3020 range, with a target towards 8130.
