After the market experienced a sharp decline in the morning, the price of the currency also entered a period of shock consolidation during the day, and it showed a trend of taking one step and looking back. At present, the overall market is in a volatile operation. It is running near the 97,000 mark. Ethereum is still basically showing a downward trend during the day.
In terms of the overall structure, the market is in an adjustment on the way to a high point. The direction will not change easily if it does not break the low point of 94,000. Combined with the four-hour pattern, the bottom of the needle is clear, the short-selling kinetic energy has been released, the resistance is clearly visible, and the lower track of the Bollinger band is also in a closed state. The current middle track is under pressure, and it will open after the retracement ends. The hourly level shock has ended, and the big Yin has broken through the lower track, making it open. There must be a big market today, and the overall market will fall back first, bottom out and rebound. We can participate in low-long in the afternoon.
Operation suggestions
Bitcoin 96000-96500 long target 99000
Ethereum 3300-3320 long target 3420
