In the early morning, the exchange rate retreated to the low level of 92500. In the past two days, the exchange rate has retreated more than 10,000 points due to the liquidation of short positions. We reminded everyone last night that the idea of taking the opportunity to be bearish also reached the expected position as expected. Although the exchange rate rebounded after hitting the low level. But it did not hinder. After the exchange rate warmed up to 95358 in the morning, the exchange rate once again ushered in a downward pin. The market retreated to the low level of 93405 again. In terms of Ethereum, after retreating to the low level of 3206 in the early morning, it showed a gradual warming trend and touched the 3355 line in the morning and then inserted a pin downward to touch the low level of 3305. Although the current market has ushered in a slight warming, we still participate in the market around the retracement and long position.
From the perspective of the 4-hour line, the price trend of the currency presents a complex pattern of first falling rapidly, then entering a slow downward channel, and finally falling sharply again. After reaching a staged low, the price rebounded rapidly. However, judging from various technical indicators and market sentiment, in general, if the price of the currency retreats again, it is also based on the rebound, so we can still participate in the market around low and long
Operation suggestions
Bitcoin 93500-93800 long target 96000
Ether around 3300 long target 3360
