The overall trend of Bitcoin and Ethereum has been weak recently, with the seesaw market switching back and forth between long and short positions. There is no signal of breaking the position in the short term, but the intensity has intensified compared with the previous sideways movement. Yesterday, the market also started to retreat from the 27100 line, with the lowest reaching 26375. One line.

After 4 hours of inertia releasing energy, it fell back down and closed below the lower track of 26400. After a short-term virtual break, it returned to the range. The pressure on the upper track is still effective in the short term. After the 1-hour chart shot up, there was a wave of continuous negative retreat, giving up all the previous gains. The hourly chart is relatively weaker. It quickly shot higher and then fell back to the top of the short-term small high point for a correction. Under this weak structure, we still have We need to pay attention to the defensive situation of the bottom support of 26400-26300. Yesterday's low was also the starting point of the early rise.

I am still bullish on today's direction. Last night, Ether was 1585 and the market was 26550. I continued to take long orders and looked for lows to continue entering the market.