Morning Market View

Good morning, a new week, a new beginning. Let's take a look at the market. After rebounding to a high around 60900 on Saturday, it faced resistance and started to turn downward. Then after hitting a low point, it made a slight recovery and rebounded, reaching just below the trendline resistance and entering narrow-range consolidation, now around 59300.

In the overall major cycle, there is no sign of a reversal of the bearish trend. This round of rebound is merely a short-term technical correction. The short-term moving averages are all under pressure, the downward trendline above forms a strong resistance zone, and the upward momentum continues to weaken.

Operations

On a rebound to the 60200-60700 range, take light short positions, reserve room for position adding, target first the low near 58000, and if broken, extend to 57700→55000. Do not blindly enter for a bottom in the short term, insist on light positions, and strictly manage risk. $BTC $ETH