After the price of Bitcoin fell to 74500 last night, the bulls rose again. The price of Bitcoin surged to 76900 in the early morning, and then fell back. At present, the price of Bitcoin is running near 75700. The trend of Ethereum is the same as that of Bitcoin. After reaching a high of 2916 in the early morning, it fell back and consolidated. The long orders we placed last night have also been perfectly verified. It has been emphasized many times that if there is no upward pressure, we can pull back and buy more. At present, everything is within our expectation!
From the current trend, each time a new high is achieved, it is accompanied by a surge and a fall. At present, there is no strong pressure top in the market, which means that Bitcoin still has further upside potential. Although the adjustment structure of the small cycle may be somewhat confusing, it seems to be a false adjustment, but its actual impact is limited. After a short consolidation, the strong market can often recover the lost ground quickly. In addition, the Federal Reserve's interest rate meeting will be held at 3:00 a.m., which is expected to have little impact on the market. Therefore, we still maintain the main idea of buying more on pullbacks during the day.
Operation suggestion
Buy more for Bitcoin 75300-75500 Target 77000
Buy more for Ethereum near 2860 Target 293
