From the market point of view, the price ratio was blocked and retreated at 59500 after a strong rise, but the force was relatively small, and there was not much room for retreat. The current market is in a stage of shock adjustment, but K God firmly believes that there is no market that only rises and does not fall, and there is no market that only falls and does not rise.

On the 4-hour chart, the K line is step-by-step upward. After the strong pull of the positive K line, it failed to continue to move upward due to the pressure of the price of 59500. The three lines of the Bollinger Bands did not obviously favor the bulls, but forked up and down. In terms of technical indicators, the three lines of KDJ obviously turned downward and there is a need for continuation. In the afternoon, focus on the resistance of the 60000 integer mark. If it cannot be effectively broken through, keep the bearish view unchanged. If it can be effectively broken through, turn around and do more.

Recommendations for Wednesday:

The short-term pressure of the big cake is 59600-59200, and the short-term support is around 58000.

The short-term pressure of Ethereum is 3110-3130, and the short-term support is 3000.

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