The bull phase is about to end, and medium and long-term layout operations will be carried out
In terms of technical structure, the short-term has officially entered the correction and adjustment stage. The overall space brought by the weekly breakthrough and heavy volume is larger. After the breakthrough releases the kinetic energy, there is no correction stage. It is normal to correct for a period of time.
The daily line has turned negative and corrected for the first time since the continuous positive rise. The pattern is still a signal of pause, not a signal of reversal. There are still many trends, but it may enter a shock cycle for several days. There is no obvious retracement within a small cycle. In the rebound, it is obvious that the support has not yet been confirmed. There is still room to see below during the weekend, and both bulls and shorts can basically participate in the period of bull correction and shock. In the near future, we will carry out medium and long-term real-time layout. Friends who need to keep up should pay attention to the official account.
Weekend short-term strategy for Bitcoin: short near 62300, short-term target 60800
Ethereum: short near 3440, short-term target 3370
