After the market hit the low of 60200 in the early morning, the market has been fluctuating during the day. The current market has also ushered in a slight recovery to 61000 under pressure. The overall trend is still biased towards the short side. We can still treat it as a high-altitude position during the day.
The daily line continued the negative K callback, and the local area gave a certain depth of retracement. It is slowly consolidating and adjusting downward. There is no sign of stabilizing and recovering. Today's short-term trend is still expected to continue to retrace downward at a small level. The daily line is slow. The 4-hour chart is weak around the low point of 62000. After yesterday's consolidation, it is close to the 4-hour downward trend line. The pressure level of the downward trend line is strong, and the currency price has repeatedly dropped to around 60000. Pay attention to the gains and losses of support today, whether it is lost after sideways trading or rebounding from the bottom. According to the current structure, it tends to break the position of short-term horizontal consolidation to deepen the adjustment space. If it approaches infinitely and does not form a downward recovery, it is easy to break horizontally. The operation of the day is tentatively short-term bearish first. The focus is still on the announcement of CPI in the evening.
Operation suggestions
Bitcoin 61500-61300 short selling target 60000
Ethereum around 2430 short selling target 2350
