##BTC ##ETH The trend is still oscillating at a high level. As time goes by, it will be easier to turn into an upward relay.
From the 1-hour level, there is a false break below the double needles to take away liquidity. This wave of recovery can first be seen at the 0.618 position. If you look closely, you will find that this wave of decline is the same as the previous one, so we can draw a downward channel here. Since the market chooses to fluctuate at a high level, we can directly pay attention to the performance of this downward channel. The long positions here will be exited as soon as the upper edge breaks and recovers.
If it chooses to break below here again, then the points to pay attention to below are the tip of 29500 and the consolidation area at 28900.
Summary: The market is still fluctuating. Wait patiently for the market to break out of the range. Before it breaks out, just treat it as a range.
