Market returns to normal, has the impact of news ended? The performance is over, how the dollar fell yesterday has rebounded, and the same goes for Bitcoin, which also regained all the losses from yesterday's rise.
So let's continue to return to the expected trend, with effective support around 1030, slowly falling to the target range over the weekend, and starting the upward journey next week. This was the expectation shared with everyone at the beginning of the week.
Looking at the short-term data, on the hourly chart, the price ratio has approached the middle track, the Bollinger Bands are generally contracting inward, MACD bears are starting to increase, and the overall RSI trading volume is declining, indicating that there is still some downward space in the short term. We will continue to conduct short-term rebound shorts during the day. If no rebound space is provided, do not rush to open positions. The market showed no major fluctuations on Saturday and over the weekend, so it is recommended to shift your focus and not fixate on the market.
Operation:
Bitcoin around 1046-1051, with a target looking down at 1031-1036.
Ethereum around 2500-2535, with a target looking down at 2400-2440. #BTC #ETH $BTC $XRP