Monday early morning Bitcoin Ethereum market analysis and trading suggestions

Bitcoin is consolidating, is Ethereum's false breakout enticing buyers? Beware of high-level pullback risks! In the past two days, Bitcoin has been stuck in high-level consolidation, and Ethereum's several attempts to surge have been precisely "pushed back". On Sunday night, it seemed that Ethereum finally broke through 3800, but is this really a signal of a bullish feast? The technical indicators are flashing red: upon closer inspection, this breakout did not see a significant increase in trading volume, and the MACD has shown signs of a bearish divergence, which is definitely not a technical structure worth following! Is the market voting with its feet? Beware of traps! Although Sunday night trends are often seen as directional guidance, a breakout lacking volume support resembles a trap for buyers. A real directional choice requires a more solid foundation. Whales are cashing out, market "resilience" is in doubt: last week, historical whales cashed out 80,000 Bitcoins, and the market only pulled back by a mere 4k dollars (a few percentage points). This seems "strong", but in reality, it reflects that the bearish momentum has not been fully released—market's "anti-fall" at high levels may actually accumulate greater pullback momentum.

Current market analysis: High position oscillation, bears are waiting for an opportunity. From the daily chart perspective, the market is indeed in a high position oscillation. But please note: Is the bullish trend clear? It’s just an appearance! This kind of high position consolidation feels more like the last gasp of a strong force rather than a healthy upward continuation. Indicator divergence, strong demand for retracement: Various indicators (especially volume, MACD) are seriously lagging behind the high prices, and the demand for a technical retracement is becoming increasingly urgent. The midline is not a springboard, but rather a meat grinder: Is it too optimistic to hope that the midline support will trigger a second bullish explosion? The previous pin bar has revealed key selling pressure, and the market is more likely to release risks and accumulate bearish momentum through significant pullbacks in the near future. Only after this wave of risk release is complete can we discuss the subsequent direction. Core viewpoint: High position risk accumulation, bearish signals strengthening, patiently waiting for the pullback to release. A false breakout may lure in buyers, but with technical divergence and insufficient volume, the demand to fill the gap is strong.

Operation Suggestions:
Big cake 119000-119500 range, look at 118000
Ethereum 3830-3850 range. Watch 3750
Currently, it is in a high-level consolidation, with upward momentum weakening, but the 119000 level is being contested back and forth by bulls and bears. Cautious friends can observe for now and be wary of breakout risks. If the rebound lacks strength, one can consider a light position near 119500, with a strict stop loss above 120000, and Ethereum should defend above 3850.
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