Good morning everyone! A new trading week has begun. After the price correction over the weekend, both Bitcoin and Ethereum still share the same trend: Bitcoin's price started a slow decline in the early hours of the morning, touching its lowest point at 104,399 and then quickly rebounding, now fluctuating around 105,000; while Ethereum faced resistance after reaching 2,559, then fell to the support level at 2,490. The early hours of the morning also provided everyone with some opportunities, and I wonder how many people took advantage of that?

Currently, the four-hour chart shows low sideways movement, and no additional bullish breakout has been presented either above or below; the market is still in a correction. The Bollinger Bands indicator still maintains a closing position, and the resistance has narrowed both above and below to confirm the market's unidirectional trend. Currently, the candles have closed with long wicks, and the price remains under pressure from the middle moving average, and the market is still in a weak pattern. Coupled with the arrangement of the downward moving averages, unless the price stabilizes above 106300, the bearish trend remains in place.
Bitcoin can be sold in the range of 105500-105800, and monitored near 104200. Ether can be sold in the range of 2550-2580, and monitored near 2480. #BTC#