On July 28, the interpretation of the intraday trend of the market and the operation ideas:

Last night, the market ushered in a fierce battle between long and short positions. Last night, the market continued the strong performance of Friday. After a day and a night of accumulation, Bitcoin rushed to the high point of 69381 and Ethereum rushed to the 3326 line. After that, it fell back from the high position. Bitcoin broke through at midnight and came to the low point of 66624. Ethereum fell to the lowest point of 3188.

As far as the current market today is concerned, all levels have shown obvious anti-fall sentiment, and the expectation of long positions to regain lost ground is getting stronger and stronger. The 4-hour level is in the process of long positions. From the perspective of space, the release force is considerable. There is a need for consolidation and accumulation in the short term.

After the low point is raised, it is corrected horizontally instead of stepping back, which is a strong correction rhythm. At present, it is still in the process of slow rise and squeeze. It is not advisable to guess the top too early. The extent of the previous retracement will provide enough momentum for the bulls to explore the previous high again. The operation still follows the trend, and the retracement will be continued. The bulls will continue to attack.

Operation suggestions:

Big cake support 67200-67400, short-term pressure 68600-69000

Ether support 3220-3240, pressure 3300-3320

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