It's a difficult situation! The market is still tightly controlled by the dealer. The bitcoin market started to surge to around 65,000 in the morning at midnight, and then the market was under pressure and fluctuated near this level for the whole morning, with a few hundred points going back and forth. In the market structure at that time, this can be completely regarded as a short break after the surge. The Ethereum market surged in the morning, and then gradually retreated slightly after being under pressure. However, both the bitcoin and Ethereum market structures were still in a healthy form under the bullish trend at that time. After the retracement, It is not against the rules to carry out low-long operations, but the market is like this, often disappointing people when expectations are the highest. Man proposes, God disposes. The low-level long orders arranged in the white market directly damaged the big cake by 773 points after the deep retracement, and the ether left the market with 44 points of space. Unexpected changes happen in the sky, people have misfortunes at any time, and the moon waxes and wanes. It is also common for us to occasionally miss the market in the currency circle. Don’t we have to continue to do it in the future? There are many opportunities to recover losses, and there is no need to be trapped by the established past.
As for the current big cake market, from the 12-hour chart, the negative K-line pin bottoming out will give up all the gains in the previous stage, and after touching the important support below, it will give a retracement of more than 1,000 points. The current market is still in a relatively unstable state. The market also happened to touch the upper track of the Bollinger band and then fell back sharply under pressure. In the morning article, it was also mentioned that 65,000 is an important pass. After breaking through, the upward trend will be smooth, but if it fails to overcome, it will be a big contrast trend. At present, there is still the hidden trouble of the "Mentougou" incident. The long-short game has entered a new round of competition again. In the evening, I personally look at a wave of rebound shorts, and carry out the idea around the high altitude.
Bitcoin: short around 63700-64200, looking at 62500
Ether: short around 3415-3445, looking at 3340
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