Tuesday, good morning on a new day!

The pullback adjustment is not yet over, today's approach is still to short on the rise!

Overnight, Bitcoin's price has pulled back to the 92400 line as expected, which is basically in line with the thought given yesterday. Although there has been a rebound, the trend has not changed, and after the rebound, it is still a short!

In the past few trading days, I have been giving everyone a short approach, which seems to be realized. On the daily chart, under the continuous bearish rhythm, the rebound strength is very weak, and the auxiliary indicators still maintain a downward trend without signs of a reversal. The coin price has repeatedly tested the support at 92000, and the probability of breaking below it is still high. Once it breaks, the next support level will be the integer level of 90000, and shorting on the rebound is still the main mode of participation at present. On the short term, the coin price continues to maintain a downward channel rhythm. Although there has been a rebound, it has not formed an effective breakout upwards, with pressure still concentrated in the 96500-97000 area. A rebound that does not break is a weak rhythm.

Regarding Ethereum, its movement is slightly slower compared to Bitcoin. After pulling back to around 3210 yesterday, it has basically been in a consolidation rhythm. The coin price continued to pull back and touched near the daily MA60 average, then faced resistance to rebound, but the strength is still not significant. It is highly likely that there will be another pullback action. After a series of large bearish candles, it has not effectively recovered the decline, and the pattern is still in a weak rhythm. The short-term pressure is currently at the 3500-3540 area, and we need to pay attention to its rebound strength during the day. If it does not break, we still treat it as mainly short.

On Tuesday morning, short Bitcoin around 96000 during the rebound, increase shorts at 97000, with the target still looking at the 92000 line and the 90000 mark. If the pullback does not break, a short-term long can be taken once to capture the rebound. For Ethereum, short around 3480 during the morning rebound, increase shorts at 3540, and pay attention to the support situation around the 3200 line below. If the pullback does not break, a short-term long can be taken once to capture the rebound. The trend hasn’t changed, and following it will not be wrong; both small and large can take a bite. In summary, go with the trend!