Yesterday, we kept reminding everyone to go long, and the market also rose as expected. In the evening, we reminded everyone to go long on the retracement. In the early morning, the price ratio was under pressure to go down, and finally ended with a pin, with the low point reaching 58713. We did not enter the market directly at a high level, but followed a wave of retracement first and left the market with a profit.
From the current market, the big cake fell below 59,000 again after a wave of decline at midnight, and then fluctuated up and down at this position. It is expected that it may continue to fluctuate at a low level in the morning, and then it is expected to rise again. The market is currently in a state of oscillation and adjustment. After falling below the support level of 58,000 in the early stage, there was a certain rebound, but the rebound strength was limited. The price ratio fluctuated repeatedly between 58,000 and 61,000, and the market has not yet formed a clear direction. If it can effectively break through 61,000 in the future, it is expected to rise further and challenge higher resistance levels. The current market is volatile, and there is no clear trend signal in the short term. We will treat it with the idea of retracement.
Bitcoin is more around 58800-58500, the target is around 60500
Ether is more around 2500, the target is around 2600
