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The market at noon gave a certain amount of room for retracement as we expected, with the lowest retracement of Bitcoin near 92200 and the lowest retracement of Ethereum's synchronous pie trend near 1760. In terms of the overall market structure, we have been thinking about it in the day, and the shock range revolves around the 92000-94000 range, and the current price comparison has not further fallen below the 92200 line, and there is still room for a rebound after consolidating around the low. During the day, our orange was also accurately hit, and the flatbread entered the market near 93900 in the morning, and the market fell to 92300 at noon, and Luo Belt left the market, gaining 1600 points. Ethereum entered the market at 1800 in the morning, and stepped back on the Luo belt near 1760 at noon, gaining nearly 40 points of space. With clear ideas and strict implementation, it is not so difficult to take Li.
From the current perspective, after the daily line's doji candlestick, a small bearish candlestick has formed below the upper Bollinger Band, indicating recent overbought signs during the upward movement. Currently, the market has a certain demand for correction, and after the strong market confirmed the bottom resistance yesterday, it has formed a consolidation range. In the short term, it will undergo a low-level horizontal consolidation before making a second attempt to rise and test the upper resistance. The four-hour chart shows a horizontal consolidation, with the middle Bollinger Band continuing to rise, and the lifeline is continuously moving upwards. As we reach Thursday this week, it is highly likely that there will not be more volume this week, and the market will shift to a rhythm of consolidation in preparation for a second upward test. Subsequently, there will be a wave-like upward movement or the formation of a double top structure leading to a pullback. Currently, the price is around 92500, at the lower end of the consolidation range, so the operation should maintain a bullish outlook.
BTC can be longed at 92000-92300, looking towards 94000. Ether can be longed at 1750-1765, looking towards 1800. After the market makes a rebound, short positions can be arranged. #BTC #ETH #比特币 .#12th Anniversary: Share Over $1M