This morning, the price ratio showed a strong upward momentum as expected, with the highest price of Bitcoin reaching 63,800, and Ethereum also peaking at around 3,524 and under pressure. In the afternoon, the air traffic began to fluctuate and show a downward trend, because after a sharp rise in the morning, the market is looking for support points. At present, the price ratio has fallen back to around 62,500, and it is necessary to observe whether the air traffic situation can stabilize and continue to rise. The daily fluctuations in air traffic are still profitable as before, but some people complain that this is not enough and that is not enough. However, this negative mentality is not conducive to success. Only by adjusting your mentality and finding the right direction can you achieve long-term success.
From the current market, after the price ratio was sorted at a high level, the second attempt to test the high point in the morning failed to break through, so it fell back to around 62,580 under pressure near 63,800. In an upward trend, the retracement space is usually smaller than the upward space, so there is an adjustment pattern in the short term, and the previous rise was partially corrected. Today's daily line closed at a relatively low level, and the short-term may continue to retrace moderately. On the 4-hour chart, the air situation experienced a wave of consecutive negative retracements and lost the medium-term support line, but the closing price was above the low level at the end of the day. This kind of correction in a strong market usually rebounds quickly after the late-day retracement, and further strong breakthroughs in the evening may be seen. However, if it closes at a low level, it may lead to a continued decline the next day until it finds important support and re-explores. In the short term, the air situation may continue to retreat by inertia, and the medium-term support line may become a resistance point for the turning point. In the evening, we will look for a suitable retracement point and then consider making a wave of oranges.
Big cake can be taken at 62400-62100, with a target near 6400; Ethereum can be taken at 3410-3380, with a target near 3560. #非农就业数据即将公布 #币安合约锦标赛 #ASI代币合并计划 #Mt.Gox将启动偿还计划 #美国5月核心PCE物价指数年率增幅创2021年3月以来新低