On Sunday afternoon, Bitcoin continued to fall back, and in the evening, it triggered a wave of declines and hit the lowest level of 62435 and stopped rebounding. Ethereum synchronized with Bitcoin and fell back to the lowest level of 2550 in the evening and stopped rebounding. In the afternoon, Bitcoin closed at 600 points and left the market, and Ethereum closed at 30 points and left the market. This wave of decline was closed as expected.

At the daily level, the Bollinger Bands showed a trend of diffusion, and the K-line relied on the middle track support. The four consecutive positive attacks reached the upper track. Although it encountered pressure and slightly fell back, it still hovered around the upper track. In the short term, the bullish momentum was sufficient. MACD golden cross rose steadily, and the three lines of KDJ gathered to a high level, indicating the need for short-term adjustment, but the overall strong structure was stable. Therefore, the outlook for the future market is still optimistic, and the bullish position is maintained. Pay close attention to the key position of 62000. If it does not fall, the target will be directly above 64000.

Operation suggestions:

Bitcoin can be long around 62500 at midnight, and the target is 63500-64000

Ethereum can be long around 2550, and the target is 2650

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