The price ratio fell as expected in the early morning. From the daily chart, the price ratio fell to around 63379 last Friday. After the weak shock correction over the weekend, it is expected that the price ratio will continue to fluctuate in the morning today, and the shorts will further accumulate strength. Therefore, it is unlikely to see a direct weak continuation of the decline this morning. Although the weakness was tested many times on Friday, it failed to achieve a substantial breakthrough. The possible correction path is to turn from a shock decline to a parallel running channel. Specifically, it is necessary to pay attention to the closing pattern today to confirm the further trend.
From the current market, the four-hour chart shows that Friday's K-line began to oscillate and correct from the low of 63379. Yesterday's shock upward was blocked near 64500. Therefore, there are roughly two possible trends today: the first is to rebound and correct quickly after falling to the low of 63379, but the probability of this situation is not high; the second is to maintain the current shock state, and the range may gradually move up to around 64000. This situation can easily make people mistakenly think that the bullish force is breaking through strongly, but it may only be a short-lived illusion. The current suggestion is to rebound and short.
Bitcoin can be shorted at 63800-64100, with a target of around 62300; Ethereum can be shorted at 3480-3410, with a target of around 3330. #币安合约锦标赛 #MegadropLista #CryptoTradingGuide #币安HODLer空投 #MKR