During the day, the overall market trend did not change much, and it still fluctuated within the range, but the fluctuation space was strengthened. In the afternoon, the price of Bitcoin quickly fell to 94,600 and then rebounded quickly, reaching a high of 97,500. There were not many layouts in the ten-day market, and the layout was basically carried out around the Duo head. In the evening, the Duo order stopped profit at 1,000 Duo points and the price of the currency fell back. The second follow-up is still in the holding.
From the current form, the first thing that can be made clear is that we have always emphasized that the current market is a wash. No matter whether the market is jumping up and down in the short-term specific trend, it is a wash trend. I am looking at it from a macro perspective. At least before Trump took office, this rhythm will appear frequently. From the perspective of recent market capital flows, after Bitcoin broke through 100,000, there was a certain amount of selling of the previous profit-taking plates, which made the market begin to lack further momentum. Under the chain reaction, the high price of the currency had a need for a correction, and with the help of the negative impact of the news after the previous Fed's interest rate decision, the effect of washing the market is more ideal. After all, the market that has been rising since November cannot always rise endlessly, which is not in line with the law of market operation. At the four-hour level, it is obvious that a large shock area has been formed. We have also said that there is a previous high point and a previous low point. From the current point of view, the four-hour trend is back and forth. The previous two low points near 92,000 formed support. For the moment, 92,000 is still very important. If it falls below the support, it will take a longer time for the short-term market to accumulate momentum again and prepare for an upward breakthrough. The further disk time cycle will take longer to attack the historical high.
As far as the current short-term thinking is concerned, the price of the currency rebounded quickly after stepping back to the 94,600 line in the afternoon, and then fluctuated and rose slowly all the way, but the pressure of the 98,000 line gradually became obvious. For those who intervened in the afternoon, if there is a sign of pressure near the rebound of 98,000 in the evening, they can go short and continue to look for a step back. For Ethereum, the short-term support is still at 3300, followed by strong support at 3200, and pressure is concentrated at 3500. In the afternoon, Duodan showed signs of pressure near the position where the currency price rebounded, and you can also intervene with short orders to see a pullback.
