On Monday, the market dropped to a low of around 24,900. On Tuesday, the market did not continue to decline. The market continued to hold the daily lower rail support of 25,000 and stabilized and rebounded. The current highest price has reached around 26,000. The market has gone out of a V-shaped rebound. In this case, short-term positions will still remain the same. Unable to continue, the market returned to the shock range between 24,900-26,000.
Judging from the current trend structure, after this round of gains in the morning, it currently has no intention of strengthening and is still hovering at the resistance position. This intraday trend with a bottom signal deserves attention. If the rebound correction continues, the upper pressure level is the 26500 area. Although the short-term line has formed a golden cross, the direction is bullish, and the support is strong, but 26500-200 is here It is the suppression point of the downward trend, which means that the daily line may fluctuate at a high level before falling again.
In general, there is certain data news in the U.S. market on Wednesday. Paying attention to the impact of data news on price fluctuations is one of the key aspects of the short-term market. Secondly, the trend structure. The short-term trend is bearish, and short-selling and other resistance positions should be deployed. Bitcoin can It is short around 26000, with a target of 25300. Ethereum is short around 1600, with a target of 1520. #BTC #ETH