Latest Analysis and Strategy for BTC/ETH on Monday Evening

During the day, Bitcoin encountered resistance and retreated after three attempts to break through the critical level of 88000. The formation of a "triple top" pattern has emerged, confirming the presence of strong selling pressure at this level. The repeated failure to reach the peak exposes the continuous weakening of bullish momentum, while the resistance level above strengthens through repeated testing, laying the foundation for a bearish turn in the future.

The 86400 line has supported rebounds twice during the day, but the strength of the support often weakens with the increasing number of tests. Currently, it has dropped to 85800, and the risk of a breakdown will significantly increase. Once this key support is lost, it is highly likely to trigger a chain selling reaction in the market, further opening up downward space. From a technical structure perspective, the previously uncompleted breakout W-shaped oscillation pattern is more likely to transform into a "descending continuation" pattern, and the signs of various momentum indicators falling from high levels also indicate that the market's dominance is gradually shifting towards the bears in the short term.

BTC: Short at 87500-88500 on the rebound, short-term at 86000, medium to long-term at 85000, 83500.
ETH: Rebound at 2860-2910 short position, short-term 2760, medium to long-term 2700, 2610.
Pay attention to defense; if you break through key pressure, counterattack!
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