#The trend of the white market on Friday was relatively complex, with small market fluctuations. The overall operation was narrow and short-term operations were the main focus. Starting from the evening, the market began to increase in volume. First, the short-selling force increased, and the lowest price fell to around 57,600, and then rebounded quickly. There was a repeated tug-of-war between the long and short positions. Although the fluctuations were large, there was no obvious breakthrough, and the highest point rose to around 58,500. The strategy during the day was consistent with expectations, and the market was mainly volatile.
The current market trend frequently shows up and down pins, which weakens the reference value of technical indicators. Therefore, the focus of analysis should still be on key support and pressure levels. Yesterday, we had already tested above 58,500. Although we did not stand firm, the downward movement did not touch the lower support level. The downward movement in the evening only tested the support near 57,500, indicating that the bulls still have the upper hand. Combined with the 4-hour line, the middle track support is strong and the upward trend line has not been broken, so the idea of continuing to be bullish in the evening remains unchanged.
However, it should be noted that if the market fails to break through the 60,000 mark after rising, a callback operation can be considered. Overall, we can focus on the further rise of the market and be cautious about the suppression of the 60,000 mark.
Bitcoin 59,000-58,700, target around 60,500.
Ethereum 2,330-2,360, target around 2,450. #新币挖矿CATI #新币挖矿HMSTR #美降息25个基点预期升温 #FTX赎回Solana #美国8月核心CPI超预期