After the early morning bitcoin market ended the low-level tug-of-war at midnight, it rose slightly from around 63,800 in the short term, and briefly broke through the 65,000 mark again. For most of the time afterwards, the market has been tug-of-war between 64,300 and 65,000. During this period, it also probed the 65,000 mark again, but it has never been able to break and stabilize as expected. Ethereum also has no clear break. Overall, it looks like a tug-of-war upward trend. In terms of layout, the long orders arranged at low levels in the morning were first taken out of the market after repeated upward breaks failed. The long orders of bitcoin won 914 points, and the long orders of Ethereum won 66 points. The market saw back and forth between long and short positions. In the short term, we still operate with the long and short methods, because the high and low points of the interval are obvious. If this market is properly grasped in the short term, it is a good time to accumulate positions.
As for the current market, the price of the currency has stabilized above 64,000, and then it will pass the pressure zone formed by the dense trading area of 65,000-71,000. Although the upward exploration of the market is accompanied by a correction, it can be seen that the short volume of the correction is shrinking. The hammer line of the daily closing line in the previous two days still has a considerable rebound effect. The defensive strength of the support below is visibly strong. The market in the afternoon is stable and runs within the upper and middle tracks of the hourly level. The mood of exploring the breakout is relatively positive. After accumulating momentum, the momentum of the bulls can be continued. The afternoon and evening are still based on the idea of more.
Bitcoin: long around 64600-64300, looking at 65600
Ether: long around 3445-3415, looking at 3520
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