After a strong rise in the early morning cryptocurrency price to around 102500, it began to face pressure and decline. The lowest retracement was to around 99280, fluctuating with a space of over three thousand points. The bullish idea given yesterday also arrived at the expected level as anticipated. The target cryptocurrency price has rebounded from the bottom and is operating near 100200. On the Ethereum side, after touching the 3986 line last night, it also faced pressure and declined. In the early morning, it did not move higher again, with the lowest retracement to around 3835.
From the current overall market rhythm, if the relative price wants to continue to achieve a breakthrough rally, it must first go through a retracement correction phase, and then expand the upward space afterward. It can be seen that the entire market trend is not a one-sided upward movement, but rather a gradual upward push after a retracement, first undergoing fluctuations and then adjustments. The short-term movement is cyclical with back and forth retracements, and currently, we are in the short-term adjustment phase after the previous round of retracement, which is a natural process of exchanging time for space. In the morning, we can first look for a low buy after the wave retracement.
Operational Suggestions
Buy Bitcoin at 99200-99600, target 102500
Buy Ethereum near 3830, target 3920
