Horizontal extension, perseverance leads to victory. Brothers, yesterday Bingzi and Taizi collected the yin spinning top line, and the market has begun to extend horizontally again. From acceleration in slope to deceleration in slope, there was no resistance in breaking important support downwards to a horizontal extension rebound. The upward momentum has become less fierce, and the bulls also have the possibility to stand up. Last night, there was a final attack around two in the morning, and the MACD at the hourly level showed a significant top divergence, which has already been digested by this morning.
From the hourly level, both the highs and lows are rising. The turning point for this rebound has not yet appeared, and more possibilities today are biased towards a sideways fluctuation. Last night we provided the strategy that 112000-2300 cannot break directly and effectively, and Taizi 4460-4670 cannot break, which can lead to a direct upward movement. This was also verified again in the early hours. Therefore, the high point for today remains around 112500, and around 4460 for Ethereum. This area cannot break again today, or if it breaks, there should be signs of a top structure at the hourly level, which can still lead to an upward movement.
The strategy yesterday was to go up first and then go long. Today, we will first go sideways, and then pay attention to breaking points. If it does not break, we can pursue the upward strategy.
Go sideways around 111300, add sideways around 110500, look at 112300, if strong, look at 113500.
Go sideways around 4480, add sideways around 4430, look at 4550, if strong, look at 4650.
