Yesterday's market once again completed its cycle, with the overall price comparison showing a downward adjustment trend. After hitting the lowest point around 106531, it then provided a strong rebound. From the 4-hour chart, it can be seen that this point is also the previous resistance level for the price comparison, where the peak and trough have switched to form support. The current rebound space has also allowed for nearly 2000 points. Today, due to the teacher's sudden business trip, there has not been much participation from the real market, but I will provide some analysis and future operation suggestions for everyone in the early morning.
The daily line for Bitcoin has continued to show bearish retraction. Although today it continued the trend of yesterday's pullback, it provided a strong rebound upon reaching the lower support. It has formed a bottoming surge pattern, and the daily line is starting to close with a long lower shadow. Ethereum has recently shown a similar pattern, with almost identical shapes. This indicates that the current trend is still dominated by bulls, only with increased intensity in this retracement correction. As the saying goes, the deeper the pullback, the greater our upward momentum will be. After accumulating energy, we will soon welcome a new high in price comparison. Today is already Friday; we will quietly wait for the market to unfold. If you cannot grasp the market rhythm, you can always find Old Li, who will help you find your own piece of profit. In the early morning, continue to watch for the continuation of the price comparison rebound, and continue to buy on the pullback.
Bitcoin can be bought in the range of 108200-107700, with a target near 110000; Ethereum can be bought in the range of 2668-2630, with a target near 2760. #美国加征关税 $BTC