Thursday Evening Thoughts

Bitcoin has currently retreated from around 120,000 yesterday to around 117,700, then rebounded to around 118,700, fluctuating. Ethereum surged to around 3,423 early this morning, then fell back to around 3,310, and later rebounded again to stretch to around 3,472. Currently, I do not recommend chasing the rise! Looking at Bitcoin, the intraday fluctuations are small, resembling a roller coaster adjustment! The four-hour chart shows that Bitcoin's cone top increment is gradually moving downwards, and the hourly structure is gradually breaking below the zero axis, with attention to the area around 115,800 below.

For Bitcoin, the rebound around 118,700-119,200 can be considered, while the downside looks to the area around 117,000-116,500.

For Ethereum, the rebound around 3,450-3,480 can be considered, while the downside looks to the area around 3,400-3,330.

Market fluctuations are significant, so please view the market rationally and pay attention to risk control and defense. It is advisable to secure profits within the range of fluctuations.

#比特币巨鲸动向 #山寨季何时到来？ #币安HODLer空投ERA

$BTC$ETH