Market sentiment remains in a state of "extreme panic," with an index of 8, and trading for BTC, ETH, and GT is weak. The rise of tokens like DEGO (+53.60%) and MBOX (+25.26%) is mainly driven by short-term market rotation rather than fundamental factors. Regulatory developments, including Pakistan's "Virtual Asset Bill 2026" and Cardano's push for USDCx infrastructure, indicate that the market will place greater emphasis on payment/RWA efficiency.

3.9 Monday Bitcoin and Ethereum Afternoon Analysis The market performance on Monday was weak, continuing the downward trend. The consecutive bearish candles made short-selling strategies after rebounds quite successful. Currently, the daily chart has closed with consecutive bearish candles, and the market remains in a wide-range consolidation, with strong consolidation sentiment. At the same time, the news environment continues to be negative. Bitcoin around 67,700 looking at 65,500 Ethereum around 2,000 looking at 1,920

Weekly timeframe Bitcoin forms a long upper wick with a bullish candle near 66,000. Ethereum forms a long upper wick with a bearish candle near 1935. From the candlestick patterns alone, these indicate significant selling pressure above, and the market sentiment is generally leaning towards a bearish trend. Daily timeframe Bitcoin closes four consecutive bearish candles near 66,000. After breaking above the top of the range, it quickly pulls back, indicating a bullish trap in the daily chart. Current resistance is at 68,000-69,000, with support at 66,000. Ethereum also shows four consecutive bearish candles on the daily chart near 1930, still operating within the range of 1800-2150. Current resistance is at 1980-2050, with support at 1900-1850. 4-hour timeframe Bitcoin and Ethereum have tested support and now show some rebound demand. The strength of the rebound depends on the resistance levels mentioned above. For those who took a conservative short position yesterday, consider protecting your capital and exiting. After a slight rebound, consider re-entering. Aggressive traders can continue to hold, and further short positions near resistance levels are still viable. Trading Strategy: Short Bitcoin at 68,000-68,500, target 67,000-66,000, cut losses above 69,500. Short Ethereum at 2000-2020, target 1930-1850, cut losses above 2060. Strategies are time-sensitive; specific guidance will be provided privately in real-time!