The back-and-forth movement of the closing line on Monday morning ultimately failed to stabilize at the 9.5 and 3300 levels discussed over the weekend.

This led to a short-term situation returning to the oscillation chip area, which is currently being temporarily "held up."

The 9.55 level discussed over the weekend was reached with the early morning daily line change at 8 AM, completing a profit of 1500 points from the weekend layout.

The trend has returned to the triangular oscillation from the weekend. For Monday, we will continue to observe the bottom of the weekend chip area to seek opportunities for long positions.

Chip area bottom: 9.4, 3240

The upward break during the morning line change has, in fact, opened up the upper chip area, reducing the breakthrough pressure for subsequent upward movement.

While continuing to layout short-term positions during the day, it is also important to pay attention to the support situation below. If the support is broken, there may be an initial deep pullback before a subsequent rebound.

Short-term support for the day:

BTC: 93500

ETH: 3200

Even if the short-term support breaks, it is expected to just be a double bottom or at most a slight lower low trend.

Daily extreme support: 9.1, 3120.

This column primarily focuses on sharing major mainstream cryptocurrencies BTC/ETH/EOS/XRP/ETC/LTC/DOGE. Follow the public account "Yanbi" to avoid getting lost and enjoy more service guidance.

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