It can be seen that the midnight Bitcoin market has a relatively conservative trajectory throughout the night, and is generally downward. After breaking through 62,000 near midnight, it encountered obvious pressure at the 62,500 mark above. The market gradually fell at midnight, but the decline was not large, and the lowest was only 61,340; the Ethereum market was mainly in a narrow range, hovering between 3440-3465. At midnight, I also publicly gave the idea of high-altitude layout. According to the current market trend, it is quite consistent with the Bitcoin market. Of course, short orders were also arranged at the same time, but there is still a certain distance from our target point. It is still being held steadily to see whether the white market will continue to decline.
From the perspective of the four-hour level, the Bollinger Bands have obviously closed. The continuous upward spikes of yesterday evening hit the upper track just right. After the obvious pressure, it retreated. The midnight K-line pattern was presented in the form of horizontal correction. The current market operation space is restricted again under the background of weakness. The current market is already at the high end of the range, just like yesterday. Both the upper pressure and the lower support are not much better. The market is temporarily tense. In this case, there is no need for us to change our thinking. Today's morning and afternoon are still arranged around the high altitude.
Bitcoin: 61700-62200 short, look at 61000
Ether: 3455-3475 short, look at 3380
