After the sharp drop last Friday, Bitcoin has remained under pressure and fluctuated at a low level. If it does not fall for a long time, it will rise. It is a simple reason. There is a rebound opportunity in the short term. The first task during the day is to stand above the 70,000 mark. Therefore, in the short term, we need to focus on the breakout of the current range. Once the breakout occurs, a larger breakout space will be opened.

On the daily chart, the price is in a rebound cycle. Since the dive, the price has maintained a relatively strong oscillation pattern. At present, the middle track constitutes the main support below, and no callback signal has been given yet. It is expected that the price still has room to rise during the day. Pay attention to the resistance position of 70,500 above and the support position of 69,000 below. It is recommended to keep the idea of ​​doing more in the callback.

Operation suggestions for Tuesday morning:

Bitcoin: Short-term retracement to the 69,300-68,800 area is more, and 70,000-71,000 is considered. After the rebound is confirmed, consider going short!

Ether: Just follow the same idea, lock the position, and take good defense!

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