After the Ethereum peaked and the second possible direct injection at 3550, some of us who were shorting the orange position had their stop losses hit around 3520 and directly entered the market, basically doubling their previous positions and balancing out this round, while Bitcoin also had a minor correction. Bitcoin balanced out by 800 points, and Ethereum balanced out by 55 points.

We need to focus on the 97250 area at present. This position is the bottom of the 15-minute cross column closed at 11 pm on the 24th, and it is also the lowest point of the retracement at 4 am on the 25th, and it is also the starting point of the rise at 5 am. Correspondingly, the second cake needs to pay attention to the 3475 area. At present, multiple indicators are involved, the 15-minute RSI turns upward, the KDJ turns downward, and the MACD indicator competes below zero. The short position turns favorable, but the long position is waiting and watching.

Then there are two possibilities at present. The first is to step back to 97200 and consolidate to attack the 10w mark

The second is to explore the 98600 area, and then fall back to 97200 after being blocked. If it falls below, look at 96500 first, then look at 95800, and then look at 95200 again. After consolidating for a period of time, another trend will be opened. The stop loss position can be planned by yourself, and it can be around 98888.

During this period, the two-cake market has been overdrawn many times in advance, and there is strong pressure around 3500. We can first look down to 3440, and then look at 3408. If it falls below, look at 3360. It is not suitable to chase the rise at present, and the stop loss for short selling is at 3353-3557.
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