The expected retracement during the day finally came out. The strong pressure level of Ethereum in the morning has already shown everyone which direction the current sentiment is biased. At present, Ethereum has retreated by nearly 100 points. Friends who entered the market with short orders can consider reducing their positions/exiting the market.

In the same way as Bitcoin, it is recommended to wait for the support line of the integer near 60k-59.5k to retrace. If there is no straight line break, you can directly enter the long position with good risk control and pay attention to whether the rebound can stabilize.

At present, the hourly line of Bitcoin is testing 0.5 Fibonacci. In the evening, you can refer to the support here to decide whether to enter the market. You can keep a position to cover the position. The target is to focus on the recovery of 60.3k again. If the recovery fails, this round of short-term long test ends here. Follow the wide range of shocks again. If it can stabilize, the original plan can be executed.