We have given a hint in the morning. The current market may have a need to step back, but the strength will not be too great. Therefore, the overall trend is still dominated by long recovery, and the lower support is still strong in the short term. The best idea at present is to be bearish and not to chase the short. In the afternoon, the market gave another small spike to the 57615 line, and then it was immediately recovered by the bulls. The market came to 59000 again. It is still in a narrow range of fluctuations within a small range. So the current volatility is small, and it is most appropriate to arrange the orange around the short-term.

From the current market, the market gave a short correction after the previous big sun stretch, and the market went down in the morning, so the short-term decline was only a correction after the increase, not a reversal of the trend. The increase is far greater than the decline, and the trend has turned back. It is currently in the correction stage after the increase. There is also an obvious upward trend in the 4-hour chart. The momentum of the retracement is relatively weak, so the short-term decline has not given too much continuation, and there is still a chance for continued rise in the future. Therefore, from the current structural trend, it can continue to look up.

Bitcoin: 58300-58000, long, target 59800

Ethereum: 2550-2520, long, target 2680

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