After a day of slow decline in volatility on Friday, the exchange rate retreated to 96,000 in the afternoon and then began to recover slightly. The short-term short idea of 97,000 that we gave in advance in the afternoon also accurately reached the expected point, and we took advantage of the trend to buy more. In the evening, the price of the currency rose strongly again and currently reached 97,637. Judging from the current situation, the price of the currency will not stop there. After Ethereum touched 3421 in the afternoon, the bulls began to exert their strength and now rushed to around 3580. We also gave everyone a bullish idea in time in the evening. The target of 98,000 was also taken without any problem.
From the perspective of the daily line structure, the current exchange rate is also a strong support that breaks through the middle track. Although there is a breakthrough, it lacks a certain continuity. Once the decline enters stagnation, there is a high probability of rebounding. Looking at the recent and even more than a month's market trend, the market often stagnates or the trend is slow. There is a large degree of reverse operation. Therefore, the short-term structure is slow at a low level and accompanied by a rebound. What is prevented is the rebound trend. The decline stops falling and has a certain obvious anti-fall performance. Then, it will continue to maintain a low position and buy more to see the rebound. From the 4-hour structure, multiple upward explorations are accompanied by certain retracements.
Operational suggestions
Buy Bitcoin at 96800-97100, target 98500
Buy Ethereum near 3550, target 3620
