Yesterday's market review:
The market was very flat. It went up as expected last night, but the rise lasted less than an hour before falling back.
The trend was stable during the day, and after a wave of gains at night due to the PCE data, it began to give back the gains.
From a structural point of view, both bulls and bears have reasons to continue fighting. The bears believe that the hammer line appears on the current 4-hour chart, and the bulls have no further action, which is considered incompetent.
The bulls believe that this is the second center of the upward movement, and the low point of the 4-hour K line is still rising.
Therefore, the long-short watershed has appeared. If the price rebounds to today's high of 69044, the trend will be strong. If it falls below last night's low of 67124, the trend will weaken. It is expected to run in this range.
ETH performed slightly stronger in the evening, and perhaps BING will continue to toss between these two levels during the weekend trading tomorrow and the day after tomorrow.
