#BinanceABCs [Monday Morning Market Analysis]

A new week is approaching, and the rhythm of the past few days is worth pondering: the Asian market has mostly been in a narrow range, gradually rebounding as it approaches the European market, but tends to weaken easily when the European and American market opens—this pattern needs to be monitored.

The external situation is tense, and the atmosphere of risk aversion is strong. Any slight movement could trigger significant market fluctuations, so risk control and position management must not be relaxed.

**Technical Analysis:**

The daily chart of BTC formed a bearish candle with long upper and lower shadows yesterday, indicating intense tug-of-war between bulls and bears. On the hourly level, it has been repeatedly exploring the range of 87500-89000, currently in a stage of consolidation and accumulation.

The MACD bars continue to stay below the zero line, with DIF and DEA diverging downwards, indicating a short-term weakness signal; the RSI reading is 46.4, stuck in a neutral to weak position. Although the market is stable, there is still a sense of caution. The EMA7 is pressing above the price, and both the 7-day and 30-day lines are sloping downwards, indeed indicating a short-term bearish trend. But don’t be pessimistic—the price is still operating above the 120-day line, which indicates that the medium to long-term bullish pattern has not been completely destroyed.

**Operational Approach:**

At this stage, we are operating within the broad range of 85000-90600. The lower edge can be used to gradually accumulate long positions, while the upper edge should be moderately shorted. Stop-losses must be in place, and positions should be controlled to allow for potential fluctuations.

Specific value reference:
- **Bitcoin**: Long position in the range of 86900-87900, targeting 88900-89900.
- **Ethereum**: Consider long positions in the range of 2900-2950, with a target of 3030-3080.

$BTC $ETH