The price of the currency began to rise strongly on Friday night, and did not leave much room for a turnaround. After the rise, the price of the currency paused and retreated, which also caused the long orders we entered in the early morning to be swept to stop loss, with a small loss of 800 points. On the other hand, Ethereum continued to exert its strength and broke through 3700 in one fell swoop. The Ethereum we gave in yesterday's article was to look at 3700, which just happened to take advantage of this wave of Ethereum's rise. Although the big cake was swept, it also made up for the losses in today's rise. The currency circle is like this, it will not only be smooth, there will always be failures. After the failure, you should think about fighting back instead of sighing, which will only affect your mentality.
In the 4-hour pattern, after the price of the currency reversed and pulled up, it made a small retracement correction. This is also a common correction rhythm. The rise will not stop because of the retracement. The retracement correction is also for the purpose of accumulating momentum for the price of the currency to rise again in the future. So don't change your mind easily. At present, you still have to firmly look at the price of the currency to rise again. On the hourly line, an upward trend of the price of the currency has been formed. Although there is no new high in one go, from the current rhythm, the rise of the price of the currency will not end easily. In the short term, Bitcoin and Ethereum formed a sharp contrast. Ethereum did not fall but rose. Bitcoin retreated and accumulated momentum. However, after Bitcoin corrected and accumulated momentum, Bitcoin and Ethereum will still maintain this direction. During the weekend, the price of the currency will basically remain in a narrow range of shocks and pulls. Therefore, in terms of operation, you can first participate in the form of short-term, and wait until next week to make adjustments according to the trend of the market.
Bitcoin is open for longs at 96500-96000, with a target of around 98000. Ethereum is open for longs at 3685-3650, with a target of around 3800.
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