The market fluctuated again in the morning, with BTC retreating to 62634 and ETH retreating to 2552. BTC failed to hold the 63,000 mark, but ETH remained above the secondary support level of 2550 mentioned yesterday and rebounded quickly. Under the current market conditions, prices continue to seek support and the range continues to move downward. Our operations should be mainly short-term to avoid being affected by market fluctuations and to make profits in time when rebounding, rather than pursuing more profits.
The current market conditions show that BTC is fluctuating in the normal range and is still in the range of 62200-65000, which does not mean a sharp drop. The current price is hovering around 63000, and the support around 62400 will be paid attention to next. If this support is held, continue to be bullish; if it breaks, it needs to be re-evaluated. ETH's upward momentum is suppressed, and the recent continuous positives have been interrupted. The upward space at the beginning of the week has been given up, and the price has dropped to the support level near 2545. Next, pay attention to the support above 2500. If it holds, continue to be bullish, and if it breaks, it will increase downward pressure.
It is recommended to buy BTC indirectly in the 63100-62400 area in the morning, with the target around 64200; ETH can be bought indirectly in the 2560-2550 area, with the target set around 2640.