The main force controlling the market is like a cat catching a mouse. We have to see where the cheese is hidden!
Brothers, I watched the market at night and found that the big cake was stuck between 117500 and 119300. This is probably the main force playing the game of controlling the market to absorb funds. If it can't hold up, it may go down.
In the short term, the K line is not good. There are three consecutive negative lines, and the highs are getting lower and lower, indicating that there is great pressure to fall. Although the support of 117500 is strong, it feels like it needs to be tested again.
It's a pity for the second cake today! It was so fierce yesterday, but it was pulled down again by the big cake. Fortunately, the daily support near 3600 is strong enough. You see it inserted a pin to 3640 and bounced up again! This kind of movement has appeared recently. Want to really pull it up? The key is to form a "W double bottom" underneath. It's not fully formed yet, but the idea is there. I think it will probably rush later!
Big Pie: Buy more when it falls back to around 117700-118000, stop loss at 117200, target 118800-119300 first, and then look at 119900-120300 if it breaks. Can't go up? Go short!
Second Pie: Buy more when it falls back to around 3640-3650, stop loss at 3600, target 3690-3720, and look at 3750-3770 if it breaks. Can't go up? Go short as well!
Don't panic when the market fluctuates, keep an eye on the key points! Who do you think will break through first tonight, Big Pie or Second Pie? Share your thoughts in the comment section! $BTC $ETH