$BTC The law of the currency circle is essentially a complex of "anti-human cycle + capital game + narrative bubble". Those who understand it respect the market, while those who don't understand it become fuel. On Thursday, the market of the big cake did not have much continuation in the long and short positions. The overall situation was in the long and short game. The big cake rebounded from the low point of 117663 in the morning, and fell back under pressure at 119216 in the afternoon. At present, it has fallen to the lowest point of 117412, giving up all the gains in the day. The big cake layout of the day is two Dan, In the morning, the long position near 117800 closed at 1300 points in the afternoon. In the evening, it is expected to fall back to the short position near 118800, and it will close 1100 points again. Ethereum's trend today rose first and then fell. It started to rise from the low point of 3311 in the morning, and then fell under pressure after touching the 3482 line in the afternoon. The current minimum fell to 3362. Ethereum also arranged two positions today, one long and one short, and all were achieved as expected. In the morning, the long position near 3321 closed at 139 points in the afternoon. In the evening, it is expected to rise and fall again, 347 0, enter the market with a short position, and take 90 points of space. There is no eternal bull or bear in the market. You can operate at whatever stage you are in. If you stick to one path, you may be taken away by a market trend.
From the technical structure of the four-hour level, after continuous strength and breaking highs, it began to pause. This pause is still defined as a correction structure as I said before, but because the upward space is large, any retracement can change the current strong structure. Short In terms of the line, we still combine the shape and closing strength to determine the continuation of strength and weakness. In the short-term, the bulls slowly recovered after the high point was touched in the afternoon and retreated to a certain space, and did not break the strength. In the short term, we can follow up the bulls based on the retreat strength.
Midnight Cake can be long around 118000, and the target is 119500-120000.
Ether can be long around 3365, and the target is 3450-3485.
