Today’s overall shipping situation is that the white market is oscillating downward, with the low point reaching 58392. In the evening, the bulls continued to exert their strength and were unstoppable, breaking through the 61000 mark and reaching the high point of 61287. Ethereum developed synchronously, with the high point reaching 2722. We shorted Dan in the afternoon and left the market as scheduled in the evening. We entered the market at 59385 and left the market when it fell to 58520, and the short Dan pocketed 865 points. Then we went long, reduced positions before the news came, held light positions, and adjusted slightly after the news was announced, and went long with the trend. During the day, both the morning long Dan and the afternoon short Dan were taken, and the big cake pocketed a total of 4791 points of space, and the Ethereum pocketed a total of 269 points of space.
From the current market, the short trend on the 4-hour line has changed slightly, and the price ratio has continued to rise and probe the upper track of pressure. The bearish trend has emerged on the hourly chart. The price ratio has repeatedly tested the upper pressure level but failed, indicating the strength of the upper pressure level. In the short term, the price ratio has a short-term correction due to profit-taking caused by the previous rapid rise. Usually, in this case, the price ratio will stabilize near the support level. This may be a normal technical correction. The market still needs to observe whether the support level will continue to pull back in the short term to find a lower support. Technical indicators also show a bearish trend in the later period. Friends who are currently in the market can consider taking part of the profit at the current position and wait for the support to be confirmed before making further operations. Friends who have not entered the market are advised to wait for the price ratio to pull back to the support level before considering entering the market. We will make arrangements based on the strength of the pullback.
Bitcoin 61000-61300 short, target around 59000
Ethereum 2700-2720 short, target around 2600
