Monday afternoon thoughts: After a decline, sideways consolidation; the rebound still presents an opportunity for bears.

A sharp drop at the opening directly opened the bear channel, with Bitcoin falling below 92,000 and Ethereum dropping below 3,200. Brothers who have been consistently bearish, this phase of the market is finally here, and the gains are real: over 2,000 points for Bitcoin and about 100 points for Ethereum. The obvious outcome speaks for itself.

From the current trend, there hasn't been a significant recovery after the decline; prices are mostly fluctuating in the low range. Bitcoin repeatedly faces resistance below 93,000, and Ethereum struggles to go above 3,225. In the four-hour structure, the bearish trend is strong, with orderly red and black candlesticks, ample volume release, and moving averages and indicators favoring the bears. In the short term, it's unlikely to see a trend reversal signal.

In terms of operation, maintain the current rhythm: rebounds are opportunities to short.

For Bitcoin, focus on the 92,500–93,000 zone to establish short positions, watch 90,000 first, and if broken, look at 88,000.
For Ethereum, focus on the 3,200–3,220 range to short, with targets at 3,150–3,100.
$BTC $ETH
#加密市场回调