After the market bottomed out at 59345 yesterday evening, the bears did not continue but rebounded. The highest level in the morning was 62555, which was also the perfect position we expected in the morning. After reaching the high, the market has been fluctuating and consolidating during the day. Qibo has been reminding everyone to enter the market and do more. As expected, the market came to above 63000 in the evening.
From the current market structure, the intraday fluctuations are also within our expectations. After all, the increase given by the news is also quite large, and the intraday fluctuations are just a correction means to digest the rise. At present, the upward force of the bulls has not ended. With the pull-up again in the evening, the price ratio is undoubtedly continuing to increase upward. In the short cycle, it can be seen that even if it is stepped back, it can be recovered strongly, and the overall trend is step-by-step. As the bottom support becomes stronger and stronger, the pressure from the top will become weaker and weaker. For the subsequent layout, you can directly focus on the bulls.
Operation suggestions
Bitcoin long at 62600-62800, target 64000
Ethereum long around 2400, target 2470
