Monday, the rebound theme continues to dominate!

The market experienced a sharp pullback in the early morning hours, with a 24-hour decline exceeding 3.5%, testing lows near 67,360, as the market entered a phase of cyclical adjustment.

From a technical perspective, the daily MACD has formed a death cross, with RSI at relatively low levels; the 4-hour level broke below moving average support, with Bollinger Bands opening downward, indicating a weak short-term trend.

Overall market sentiment is cautious, with limited buying interest from bulls, and short-term volatility has intensified. On-chain data shows exchange holdings have rebounded, with increased market liquidity, while short-term selling pressure is still being absorbed.

Capital flows are generally outbound overall, with decreased market participation and a stronger wait-and-see sentiment. On the macro front, Federal Reserve policy expectations remain tight, compounded by overseas geopolitical disturbances, putting widespread pressure on risk assets.

My personal recommendation is to short directly near 68,600, with targets at 67,500-66,800-65,600! $BTC $ETH $SOL #Gate13周年全球庆典 #加密行情震荡 #美联储维持利率不变