Bitcoin/Ethereum fluctuated back and forth yesterday and the market broke down again in the early morning. The idea of first going short and then going long that we laid out yesterday was also to escape the top accurately above 62,000 last night. Even the clients who have been following me for a long time and even the hourly trading also entered the market after the long orders stopped profit last night and took a good space. After the market fell in the morning, Bitcoin once came to around 59,900, just breaking below 60,000 and then rebounding. Ethereum once came to the 2350 line. At this point, there is no need to chase the short position. The hourly line has also stabilized and started to rebound.
The MA moving average indicator on the daily line began to diverge, but with the downward pressure of the moving average, the upper 63,000 and 2500 lines are suppressed, and there is also a process of repair and consolidation after the market fell. In terms of the K-line form of the big cake, the recent K-line shows an obvious downward trend, especially after the big negative line after the shock in the past two days, the market sentiment is bearish. However, there is a certain degree of rebound after each rapid decline. At present, we are focusing on the low support and high suppression.
In terms of operation, long orders are entered near 60500 to 60800 for Bitcoin, with a target of around 62000; long orders are entered near 2350 to 2370 for Ethereum, with a target of around 2430. The publication is effective, and the specific guidance is mainly real-time.
