The process of striving for progress is far more meaningful than the unknown results. There is heaven above and earth below, and you stand in the middle. Be a human for a day and do your best. Only by striving to open up can the curved bamboo whip turn into a straight bamboo. The market on Wednesday has been in a state of shock correction, and there is not much room for both long and short positions. In the afternoon and evening, the impact of CPi news ushered in a strong stretch and continued. The highest price of Bitcoin rose to 65,100, and the highest price of Ethereum rose to 2,992. After entering the market in the morning, due to the gradual weakening of the expected retracement of Hangqin, we also chose to take a small profit and followed the long signal given during the session. We entered the market with a lot of waves. In the afternoon, Bitcoin entered a lot near 62,000, and Ethereum entered a lot near 2,890. They left the market at 64,900 and 2,988 respectively in the evening. The wave of Bitcoin took 2,900 points, and Ethereum took 98 points. While laying out the band, we also went back and forth between long and short positions, and did a few short-term runs with one-on-one students. Basically, all of them were won as expected.
From the current market, at the 4-hour level, the bulls strongly recovered the middle track and broke through the upper track all the way. After taking the short-term new high, the bulls temporarily slowed down their volume, and there were signs of seeking support downward in the short term. At present, we need to look at the depth of a wave of retracement before arranging the subsequent multi-dan entry. The development of any trend requires the cooperation of the secondary rhythm. When the bulls continue to exert their strength, they must accumulate energy through corrections and then launch a new upward attack. It is inevitable that adjustments will occur again here. If the air market goes higher in the future, there will inevitably be a pause and a process of accumulating energy. The short position at midnight will be adjusted first, and the depth of the callback will be observed before the subsequent follow-up.
Bitcoin can be directly shorted near 65100, with the target at 64000-63500. Ethereum can be directly shorted near 2990, with the target at 2900.
