Tuesday's market is also over. Looking back at the overall market during the day, after the big cake started to pull up yesterday evening, it hit the 106050 line in the morning and stopped under pressure and with a slight retracement. The white market basically fluctuated around the 105000-106000 range. Although the big cake price rebounded slightly in the evening and broke through the 106000 mark, the overall market did not continue to rise and fell below the 106000 mark again. The Ethereum price fell back to the 2374 line in the afternoon and then stopped falling and rebounded. The price of the coin showed a slow upward trend in the evening and gradually rose.
On Tuesday, we participated in the layout around the main short as the main rhythm. Big cake successfully gained a total of 3561 points of space, and Ethereum successfully gained 161 points of space. Tuesday ended perfectly!
Judging from the current 4-hour K-line trend, the market has experienced a strong rebound. A big positive line with a full body rose strongly from the middle track area of the Bollinger Band, breaking through the pressure of multiple moving averages in one fell swoop and reaching the upper track. However, the good times did not last long. The price did not continue near the upper track. On the contrary, the bears pressed forward step by step, forming a negative line with a significant long upper shadow. This shooting star K-line is particularly eye-catching, indicating that the bulls encountered heavy selling pressure during the upward attack. From a technical point of view, this position is not only the pressure point of the upper track of the Bollinger Band, but also the strong resistance area of the previous intensive trading area. The market has formed a situation of fierce competition between bulls and bears here. The appearance of a negative line with a long upper shadow indicates that the price may enter a shock consolidation stage in the short term. Look at the bears going down first at midnight on Tuesday.
Bitcoin: Shorts near 106000, short-term target 103500
Ethereum: Shorts near 2480, short-term target 2380#加密市场反弹
