I don't need to say much about the bearish ideas given last night. There is no doubt that it is profitable. Qibo has been reminding everyone to enter the market to short yesterday. The market fluctuated all day yesterday. The highest reached around 61,200 in the evening, and then fell back. It also plunged downward in the early morning. The lowest reached 58,900. The decline was still quite strong. After hitting the low, it bottomed out and rebounded in the early morning. The current market is running around 60,200.
From the technical structure, in the four-hour level line, the price plunged down and recovered, the bottom channel of the running channel was slightly shrunk upward in the open state, the short volume was released and then shrunk, the moving average was detoured and rose consistently, and the small cycle price correction stage was stopped. Although there is a certain demand for shock consolidation, we can participate in the long position during the day.
Operation suggestions
Bitcoin 59800-60000 long target 61500
Ethereum 2360 long target 2440
