Bitcoin once again ushered in a strong bullish force last night. The price went all the way up and touched the 71146 line, then began to be under pressure and fell back. Despite this, the current price is still running above 70,000. The current callback is somewhat weak, and the market is still in a steady rise stage, so the intraday decline is still mainly long!

From the technical structure, the daily K-line pattern has risen for 4 consecutive days, and the price is above the moving average. The strength and continuity of the rise are not obvious enough at present. The price has not continued to break through the previous high point, so there is still a certain resistance above, and there is also a probability of a pressured retracement trend. Everyone should pay attention to this; repeatedly hit the high point of 71,000 in a small cycle. When the number of times a resistance point is hit increases, the broken Yin is repaired, but the overall structure is not changed. After touching the attack line, the price starts to rise again. The volume and moving average are consistent with the rhythm of the bulls, so we will keep the callback more in the follow-up thinking.

Wednesday morning operation suggestions:

Bitcoin: short-term retracement to 69800-70300 area, long, look at 71000-72000, after the rebound is confirmed, consider shorting!

Ether: Just follow the same thinking, hold the position well, and take good defense! #现货以太坊ETF获美SEC批准 #BTC走势分析 #新币挖矿