$BTC Bitcoin intra-day rally to 80590 creates a new stage high, bullish sentiment is high, then affected by sudden geopolitical news, market panic spreads, and the market quickly plunges back. A evening star reversal pattern appears at the high, combined with news catalysts, triggering a capital outflow. This correction is driven by geopolitical news and emotional selling, not a technical weakness or the end of the bullish trend, just a short-term external disturbance. Tonight, focus on emotional recovery and key resistance levels above, and grasp the short-term bullish and bearish rhythm. Our early layout of Bitcoin and Ethereum long positions has been clearly explained in the previous article; we will not repeat it here. In the afternoon, we also closed our short-term longs; swing and medium-long-term traders remain cautious.

From the daily chart perspective, after touching the upper band of the Bollinger Bands, the price faced resistance and closed lower, with very clear resistance above, and there is still room for further decline. Currently, the Bollinger Bands show signs of narrowing, but a large bearish candle retracement is still needed to break the current consolidation pattern. From the wave structure, a subsequent breakdown is highly probable; combined with the four-hour top-reversal, the price is pressured at the upper band and is pulling back. The downward trend with consecutive bearish candles has just started, and the bearish momentum will continue. Tonight, mainly operate with short positions.

Monday night Bitcoin: short near 79,000, target 77,500

Monday night Ethereum: long near 2,350, target 2,300

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