Yesterday's idea was still fulfilled. After a slight rebound, the price ratio fell directly and successfully reached our target point. The real pan cake stopped profit and left the market. Nothing else but perfection. The price ratio fluctuated in a wide range at midnight, and the long and short tug-of-war was fierce. In the morning, the shorts were strong and heavy, and everything finally returned to the starting point. At present, the price ratio has bottomed out and rebounded again. The tug-of-war has not ended yet. The short-term bulls have a certain advantage, but the result is still unknown.
From the current market on the four-hour line, the price ratio is running in the downward channel and is in a short-term trend, but the recent lows have been moving up, and there are signs of stabilization. On the hourly line, a situation of Yang Bao Yin is formed in the short term. The bulls have increased their volume and tried to break the new high again. The rebound strength is limited and not enough to support the change of the situation. The upper resistance level is around 59000. If the price ratio can effectively break through this resistance level, it will challenge a higher resistance level. The short-term market is in the stage of rebound and consolidation, and the bulls want to accumulate momentum to try the previous high again. We will wait and see with the idea of rebounding and emptying for a while before making a layout. If the pressure level is effectively broken, consider the reverse direction
Bitcoin 58900-59200 short, target around 57500
Ether around 2320 short, target around 2250#币安上线NEIRO #新币挖矿HMSTR #加密市场急跌 #美联储利率决议公布在即 #美国大选如何影响加密产业?