The morning market also ushered in a small drop of 500 points. From yesterday evening to now, the market has not fluctuated too much. It has been fluctuating in the range of 63000~638000. The fluctuation is only a few hundred points. After yesterday's big drop. The market is currently in a stage of oscillation and consolidation. Again, there is no continuous rise and fall. Unless it is extreme, we still maintain the bullish thinking during the day. The short-selling idea given in the morning is also a small 500 points.

From the daily chart of the big cake, the current price has fallen below the daily average line in the afternoon. The 4-hour and small cycles also show different degrees of narrowing signals, which means that there is demand adjustment in the short term. The narrowing of the pattern usually indicates that the volatility of the market is gradually decreasing. We can further judge by combining the Bollinger Band indicator. The price may choose the breakthrough direction after fluctuating in a narrow range for a period of time.

Operation suggestions

Bitcoin long at 63000-62800, target 64500

Ethereum long around 2580, target 2650

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