The first wave~

9.10 Silk Road Sharing

Yesterday, the US stock market rose sharply and drove BTC to above 58,000, and now it has fallen back to around 56,600. Yesterday, it also successfully won five consecutive hits (retracement has been won), 57,000-62,000 is the range that was repeatedly sorted last month, and the whole August basically fluctuated in this range. This wave of stretching in the early morning of yesterday directly broke the daily downward trend line and the 4-hour trend line. There is no more important news during the day.

Technically speaking, the moving average is still in a short arrangement, and the overall trend remains unchanged. After the intraday operation falls back, follow a short-term long wave. The next area is the oscillation area.

Personal suggestion

Pie: Retracement 56,000-56,500, target 57,800-58,500
Ether: Retracement 2,300-2,320, target 2,370-2,420