12.3 Evening Thoughts
Daily Cake continues to maintain a high level, long and short positions are constantly switching, and the market fell back to form a small upper shadow line. After the continuous positive volume, the market failed to break through the 98130 line in the morning.
The afternoon market turned down, and the current price ratio returned to the middle track again. From the perspective of the 4-hour K-line structure, the positive and negative lines appeared alternately, and the market entered the stage of choosing a direction.
Overall, the direction of the small cycle is still expected to rebound. At present, the overall trend of long and short positions cannot be better continued, so it is still in a cycle of oscillation. At present, the alternation of long and short positions is also within the market's expectations. The current technical structure is showing a trend of slow recovery while sorting and correcting. Today's decline broke the short-term strength, and the short-term turned into a oscillating saw, stuck in the entry point, and there are opportunities for both. The operation is still mainly short-term.
Bitcoin: more around 94500/94800, up to 96500/96800
Ether: more around 3560/3590, up to 3680
