After two days of adjustment over the weekend, the market finally moved in the early morning of Monday. The highest intraday market on Sunday also reached a high of 63345, and it also ushered in a retracement in the early morning of Monday, and the lowest reached 62000. The short position did not continue. Instead, it quickly rebounded and warmed up. In the morning, it also touched the high of 63100 again. There is a space of thousands of points back and forth. The current market is running around 62500.

　　From the current overall market, the overall structure is still in a strong bullish state. From the four-hour line, the exchange rate is currently running around the middle track. Although the current exchange rate has retreated slightly to around 62500, it is not a big problem. It is easy to grasp the current rhythm. There will be a wave of adjustments in the short term. As long as 62000 is not effectively broken, it is not enough to change the current trend. The overall direction is still dominated by bulls. Therefore, we still maintain the main direction of retracement and long positions during the day.

Operation suggestions

Bitcoin 62100-62300 long target 64000

Ethereum near 2420 direct long target 2500

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