$ETH The market showed a volatile trend during the day. The price rebounded to the low point of 116180 in the morning and stabilized before rebounding. It hit the highest pressure level of 119588 and then fell back. In the evening, the price fell again to the support level of 117616. As for Ethereum, the trend during the day was exactly the same. It fell under pressure from the high point of 3799 in the morning, and received support after a deep correction to the low point of 3620. The current price fluctuated around 3730. Overall, the market showed obvious range fluctuations.

Xiao Ge's market analysis is accurate and in place, and his bearish thinking is perfectly in line with the market trend. Today's trading performance is impressive:

In the early trading session, accurate layout in the VIP band skirt:

Bitcoin 117500 short order entry, 116000 perfect profit, 1500 points of space

Ethereum 3770 short order entry, 3700 smooth exit, 70 points of space

The market was relatively stable in the afternoon, but Ethereum achieved another success:

3781 short order entry, 3684 profit exit, profit 97 points

When it rebounded to 3712, decisively entered the market for the second time, 3634 profit, and another 78 Points of profit

Bitcoin trading at night:

119500 short orders were accurately entered, 117800 stop-profit exited, and 1700 points of space were taken

From the current 4-hour level market trend, the recent K-line pattern almost every candle chart has significant long upper and lower shadows, and the length of the lower shadow generally exceeds the upper shadow. Although the short-selling forces continue to accumulate energy and try to break through the lower support level through multiple tentative suppressions, each time the price drops, it can rebound quickly, forming an obvious bottoming and rebounding trend. This technical pattern shows that although the short side takes the initiative in the short term, the long side has shown tenacious defensive ability at the key support level. From the perspective of volume coordination, the volume is mildly enlarged when falling, and the volume is contracted when rebounding. This volume-price divergence shows that the current short-selling momentum has not been fully released, and it will continue to fall in the early morning.

Bitcoin: Short around 119000-119500, short-term target 117000

Ethereum: Short around 3730-3750, short-term target 3630