After a morning of accumulation, the bulls began to exert their strength and slowly move upward at noon. The development of the shipping situation is the same as our thinking. The high point of the big cake reached 59734, and the high point of the ether reached 2560. Although the space is limited, it cannot be ignored compared with the sideways. Our real big cake entered the market at 58675 in the early morning and left the market when it rose to 59628. Duodan took 953 points. Ethereum entered the market at 2515 in the morning and left the market when it rose to 2555. Duodan took 40 points of space.
From the current market, the price ratio on the four-hour line fluctuates in a lower range, and the downward momentum is weakening. There are signs of rebound in the short term, but the upper resistance still exists. From the trend of the K-line, a small reversal pattern bullish signal has been formed recently. On the hourly line, the price ratio has formed a continuous positive line, and it has gradually risen in an upward shock. There may be a callback or adjustment demand in the short term. The technical indicators show that the upward momentum has increased, and the bullish trend still exists. At present, the exchange rate is fluctuating again, and we will go long at lows, and both short and long positions are acceptable.
Bitcoin 59000-58700 long, target around 60500
Ethereum 2510-2480 long, target around 2600
