The market in the afternoon also started to work, and the annoying shock finally ended. In the afternoon, the price of the currency stepped down to a low of 94600 and then quickly rebounded to a high of 97564. This also verified the bearish idea we gave in the afternoon and caught the rebound of the bulls. The bulls who had been suppressed by the bears for several days on the Ethereum side also exerted their strength and rushed to the 3444 line in the afternoon.

From the MACD indicator in the 4H level chart of the big cake, the DIF line crossed the DEA line upward at a low level and was about to form a golden cross pattern. This situation indicates that the price may rebound further in the short term. At the same time, the MACD green bar chart gradually shortened, which fully demonstrated that the momentum of the bears was gradually weakening, and also verified the signal of the rebound from the side. While paying attention to the possibility of a market rebound, it is also necessary to pay close attention to the important resistance level near 97400 and the key support level of 95000. We still participate in low-long positions in the evening

Operation suggestions

Bitcoin 96000-96300 long, target 98000

Ethereum around 3400 long, target 3470

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