Today, the price ratio in the morning market transitioned in the oscillation, first oscillating downward and then oscillating upward, until the positive news was announced in the evening, the price ratio quickly rose and then fell rapidly under pressure, and the low point was 62432, and the range of up and down was more than 6000 points. The dog dealer was ruthless, and the bulls were washed out again. There were many reminders to short and many pockets during the day, and the strategy continued to be accurate. The only drawback was that the empty Dan in the evening was to stop profit and leave, and the big cake took a few hundred points less, and the ether took a few dozen points less. In the layout of the day, the big cake took a total of 6529 points of space, and the ether took a total of 246 points of space.
From the current market, from the daily line structure, the overall downward trend is still stable, and this rebound is only a retracement. The 4-hour chart shows that the price ratio rebounded after the oscillation downward, but the rebound was suppressed by the middle track and failed to break through further, and a stop signal appeared. From the hourly line, the pressure level of 65000 was also tried many times without success. The market that breaks is usually accompanied by an increase in trading volume. This wave of shorts has formed breakouts many times with strong volume, and it is inevitable that it will continue. The evening news is good, but the bulls are blocked from above. At the current rhythm, following the bears is still the main trend. Therefore, it is not advisable to blindly chase more in operation. If the rebound continues in the future and breaks through the suppression of the 65,500 area and stabilizes, consider adjusting the thinking. The current market shows that the price has rebounded after a round of decline. We will pay attention to the decline trend of the market and go short at a high level after the rebound.
Cake can be shorted near 63,700-64,000, with a target near 62,400; Ethereum can be shorted at 3,070-3,090. The target is near 2,970.
