Good evening, I said yesterday that there are two possibilities for subsequent rises. The first is a false breakout trend of breaking through the 67000 pin directly, and the second is that the price will be supported at 64500-65500 after reaching the top and retaining the hope of rising. Yesterday's trend is consistent with the latter. The last wall blocking the bulls is the 67000 position. This is the default suppression position for many leeks. If the short contracts are too concentrated, you have to beware of the malicious trend of pin-washing.

The pressure near 67000 again in the four-hour chart is a bit like the M-top structure. It is actually simple to confirm. It is under pressure below the previous high of 67200 and falls below 64500 in the subsequent shock. 64500 was also repeatedly suppressed in the front. Although the pin exceeded a certain range later, it was recovered very quickly. If it is not stimulated by the news after a long period of shock in the middle and low positions, it can be regarded as a secondary top. After the sentiment subsides and returns to the technical side, the resistance will be effective in a short time (the first test was passed yesterday). Now it depends on whether the trend can break through the strong pressure of 67000. If it breaks through, the medium-term trend will turn strong. If it continues to be under pressure, it will fluctuate between 64500-67000 for several times, and then return to weakness after the space is compressed.

I have always emphasized that my point of view is the bearish idea below 67000. Yesterday, the first set of short-selling plans was 66200-66500 shorts. The first target point was around 64500. You can reduce your position or go directly. Whether the maximum target of 61000 can be achieved depends on the ability of position management. It is not yet certain whether the medium-term trend will turn strong. Below 67000 is still an opportunity to short with a small stop loss. If it cannot go up today, it will be sideways for two days over the weekend. Next week is likely to be a small decline with profit taking. Ethereum made up for the rise today, and the increase was not large. Continue to hold the short position of 3020-3050. Those with short positions can continue to get on board. The short-term target is 2950-2920.