Yesterday morning, we made our predictions. The previous back-and-forth tug-of-war was just paving the way for the bulls, and the bulls will continue. Now looking back, the overall market is highly consistent with our analysis except that the decline will be later than expected. Our Bitcoin has gained more than 4,000 points in short-term long and short yesterday, and Ethereum has gained more than 150 points.
In terms of the current technical structure of the market, the short-term has officially entered the correction and adjustment stage. The main reason is that the overall space brought by the breakthrough and volume on the weekly line is relatively large, and the correction stage has not come after the breakthrough releases kinetic energy. Therefore, it is normal to correct for a period of time. It is not a signal of reversal. The trend is still long, but it may enter the weekend's oscillation cycle. There is no obvious rebound in the midnight retracement in the small cycle. It is obvious that the support has not been confirmed in place. There is still room to see below. For the stage of long correction and oscillation, both long and short can participate, but it is best to follow the trend and retrace.
Bitcoin can be taken at 65,000-64,700, with a target of around 66,000; Ethereum can be taken at 3350-3320, with a target of around 3450.
