On Monday afternoon, the digital money market displayed a complex trading pattern. Bitcoin showed a certain rebound momentum, rising from a low point of 118,755 to a high point of 119,813. At the same time, Ethereum also exhibited a positive rising trend, steadily climbing from a low point of 3,815 to a high point of 3,939.

From the daily chart perspective, the current market is operating between the middle and upper bands of the Bollinger Bands, which is often seen as a relatively strong area. Although the middle band of the Bollinger Bands shows an upward trend, the price encounters significant resistance as it approaches the upper pressure level, resulting in repeated fluctuations of the candlestick below that area. It is worth noting that the trading volume is showing a moderate contraction, which may suggest that market participants lack sufficient enthusiasm for chasing higher prices.

In terms of technical indicators, the J value in the KDJ indicator has entered the overbought zone, which may indicate the possibility of a technical pullback in the short term. Based on this technical analysis, investors may need to be cautious of potential short-term pullback risks.

For Bitcoin, the range of 119,100 to 119,500 may become an important resistance area. If the breakout fails, it may fall back to around 118,000. As for Ethereum, the range of 3,895 to 3,920 may also face resistance. If it cannot break through, it may fall back to around 3,800.

However, investors should keep in mind that the cryptocurrency market is highly volatile and carries significant risk. Any trading decision should be based on comprehensive market analysis and individual risk tolerance. Additionally, market sentiment and macroeconomic factors may also have a significant impact on short-term price movements, making it crucial to stay updated on market dynamics.