Today is Friday. After the market retreated in the morning, it retreated to the low level of 86714 again. The overall market trend during the day is also a kind of oscillating operation. The bulls and bears saw back and forth, and the price ratio ushered in a warm-up again in the evening. There are signs of a re-hit of the 90,000 mark. The price ratio of Bitcoin came to around 89,500. The Ethereum market followed the trend of Bitcoin during the day. It also ushered in a rebound and warmed up in the evening and is currently running around 3,100. The bullish idea we gave during the day was also issued by gaining 1,000 points. Every wave of rebound and every wave of retracement is an opportunity. Only by seizing it can we go one step further!
The daily structure has touched the lower track many times to give a certain rebound, and the rebound space is also considerable. The middle track is still valid. We have mentioned many times before that there will be a certain retracement after the high sideways, but after the retracement, it will still continue to give upward. At present, the short-term retracement has also been completed. The daily line rose and closed with a long positive line, which is indeed a stable foundation. The correction of the correction to form a support platform is more conducive to the subsequent rise. At the same time, it also releases the resistance of the bears and reduces the pressure of the rise. The secondary pressure on the 4-hour chart led to the closing of the upper track of the Bollinger Bands, and at the same time fell below the middle track and fell to the lower track, but the closing price was low at the end of the trading day. The trend of the strong market has been emphasized before. After the decline, the closing price should stabilize and recover, and wait for the repair to be completed. The overall upward trend is still optimistic.
Operation suggestions
Big cake 89200-89400 long target 91000
Ether near 3080 can be long target 3160
