In the morning, we gave a bullish direction. Duodanbuju entered the market in time and left the market in the afternoon. Cake gained 756 points and Ether gained 19 points. After the price ratio retreated slightly, it fluctuated. In the evening, the short position increased. Duodan lost all the space it had recovered during the day. The price ratio returned to the starting point again. At this time, the bulls began to try to change the situation. Although the bears had blocked it, the bulls finally created a new intraday high and touched 64,000 again. Our real market entered the market when the price ratio retreated and left the market when it was under pressure. That is to say, when you are still hesitating whether to enter, go long or short, I may have put it in my pocket smoothly and safely. This is the difference between different strategies.
From the current market, the daily line shows strong support below, and the four-hour line is more bullish. There is no obvious structural change in the short term. After the price hit a high, it encountered resistance and fell back, and then rebounded again. The long and short tug-of-war was fierce. Although there was a situation of rising, falling and rebounding, there was no substantial trend change overall. Although there was a rebound at a low level, the short-term retracement did not change the volatility trend direction of the price. Overall, the air situation is still biased towards the bulls. In other words, although there are some fluctuations in the current air situation, it has not changed its overall upward trend. Technical indicators indicate that there is a possibility of a short-term correction. We will treat it as a retracement to connect to the long, and look at the retracement first.
