A new day, a new beginning. Monday was indeed quite busy, resulting in no time to update. Although it was a pity that I did not participate in the roller coaster ride back and forth, the overall pattern on Monday was relatively clear. The market rose in the morning and broke through the short structure, so the rest became a very simple matter, which was a simple follow-up layout. In the afternoon, we followed the long position near 27,800, and reached the 30,000 mark directly in one shot. Basically, it took off directly with one order. The main reason for not participating in the follow-up was that the room for pulling up was too large, and the amplitude was indeed large, so I dared not enter the market. However, it was also a perfect avoidance. Stability is sometimes also a good thing, otherwise there would have been as many explosions as yesterday.
This rhythm, which is boosted by news, is indeed too large and the space is too large. Although it is a false alarm, it has achieved an effective breakthrough from the overall technical structure. The daily line has also ushered in a rare positive line. Without the continued promotion of subsequent news, it is inevitable to return to the technical form. However, regardless of whether it is driven by news or a technical rebound, the overall rebound and retracement space is not large at present. At least it maintains operation above the starting point. When sustainability and strength are combined, there must be certain continuation conditions. Therefore, on Tuesday we will still follow the long layout and wait and see.
On Tuesday morning, Bitcoin fell back to 28150-28350, with the target at 29150.
On Tuesday morning, Ethereum fell back to 1570-1590, with the target at 1650.
