In the blink of an eye, the Mid-Autumn Festival holiday has passed, and the exchange rate has returned to the 60,000 line again, breaking through to around 61,300. The overall trend is consistent with our expectations. It has been mentioned many times that the decline is a correction of the previous increase. The short-term decline will not change the overall upward trend, because a wave of trends will not be reversed in a short time. It takes time to settle. The current return to above 60,000 is the best proof. Then we will continue to retrace and take more ideas in the future.

From the current market, in the short term, the 4-hour structure continues to exert force upward, and the Bollinger band is also opening upward as a whole. It is still in the second stage of continuous rise. But from the short-term trend, the rush to the top must be accompanied by adjustments, and the key support level is around 57,500 below, so the current high point is not easy to chase. After the short-term 1-hour chart takes time to repair the action, it is expected that it will continue to fluctuate upward. The overall bullish, but the short-term needs to adjust the low position before entering the market, so the short-term operation is still a short-term look at the retracement, and then touch the low position to go long!

Bitcoin: You can buy more near 59500, and the target is 60800-61500

Ethereum: You can buy more near 2280, and the target is 2380-2420

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