During the early morning, the bears once again exerted their strength and the big cake directly fell below the bottom support level near 57600. Subsequently, the bearish force was further strengthened, and the price ratio continued to decline, hitting the low point of 55969. Ethereum developed synchronously, reaching the lowest point of 2513. The current price ratio rebounded from the bottom and fluctuated upward. During this period, our real pan Kongdan big cake perfectly reached the target point to stop profit and exit. The overall development of the air situation is almost the same as our thinking. The strategy is given in advance. Friends who follow up should have 1500 points if not 2,000 points.
From the current market, the daily line is still in a bearish trend, with multiple long lower shadows, indicating that the buying below is relatively active. The four-hour line has been rising, and the bears show signs of weakness. The upper space is opened, but the overall market trend is weak, and the downside risk still exists. The price ratio on the hourly line is under pressure and the middle track is downward. The short-term price ratio touches the pressure near 58500, and the formation of a long upper shadow line indicates that there is strong support and pressure at this position. We will treat it with the idea of retreating more.
Bitcoin 57700-57400, target around 59200
Ethereum 2560-2530, target around 2660
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