Overall, today's market saw a large volume of short positions in the early morning, and the bulls recovered most of their losses in the evening after the white plate fluctuated. After that, the market fluctuated and adjusted, and the short positions increased again. The current price ratio bottomed out and rebounded, and the bulls increased again. The thinking during the day was slightly deviated. The increase in the volume of long positions in the evening did not meet expectations. We left the market hastily after a small increase in the real market, and then went short and took advantage of the trend again. Our previous thinking also mentioned that the short-term trend is bullish, and the medium and long-term trend is bearish. The increase in the volume of short positions is both within our expectations and beyond our expectations. What is expected is the increase in the volume of short positions itself, and what is unexpected is the timing of the increase. Fortunately, no matter what, our real market is in a state of strength, which is harmless to the results.
There is no need to say much about the current market. The daily line remains under pressure and is currently running between the middle track and the lower track. The price ratio on the four-hour line is close to the lower track, and the long lower shadow line indicates the support at this position, and there may be signs of a rebound or consolidation. The hourly line closed again, suggesting that the long and short forces were in a stalemate. The two downward explorations were just false explorations and failed to break through in reality, indicating that the support below is still strong. In the short term, the price ratio is under pressure to move downward again. In summary, we will adopt the idea of retreat.
Bitcoin 58500-58300 more, target around 60500
Ether 2480-2450 more, target around 2600
