Market view sharing on Friday afternoon

This week is coming to an end, it is worth seizing the last opportunity to improve! The market trend over the weekend seems relatively boring. In the short term, the market's long and short forces have not been sustained. After a wave of rise to the 62,000 area at noon, it encountered resistance and fell back. At present, it is again fluctuating around the 61,400 area, forming a box-shaped oscillation pattern. It has not broken through the range for the time being. It is recommended to maintain a high-altitude and low-multiple strategy.

Technical analysis shows that the Bollinger band on the 4-hour chart has begun to narrow, with short-term support near 61,000, pressure near 62,500, and key support at the 60,000 integer mark. It is recommended to look for opportunities to sell high and buy low in this range. The 1-hour chart shows that the bullish momentum continues to weaken, and the MACD indicator is about to undergo a long-short conversion. If the support near 61,300 is broken, pay attention to the secondary support near 60,200.

In summary, it is recommended to continue to be bearish on the trend of the big cake.

Friday afternoon recommendation:

- Set a short order near 62,000 for the big cake, with a target near 60,500.

- Set a short order near 3450 Ethereum, with a target near 3400.

The above is for reference only. Please consider the market risk and personal risk tolerance before investing.

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