Let me first give you the conclusion. I think the current market situation is just a correction.

Whether it is #BTC or $ETH , there is still a chance to rise again

In the previous two videos, I mentioned that Bitcoin will fluctuate at a high level at present.

3W8 is probably not the final top.

And I have been looking forward to a daily level retracement action

The retracement is currently in progress

A friend asked me this morning if I could open more stocks now that the decline has stopped.

I think the callback is not in place yet

Whether it is from Binance or bybit, the daily level

The imbalance areas here have not been fully filled.

So I don't think the callback is over here.

The main reason for the editorial department's hesitation in the recent market is the double kill of long and short in the past few days.

Dried up the liquidity of the contract

Therefore, the market needs to move slowly to cultivate liquidity.

The market for painted doors that go straight up and straight down may be less common recently.

After talking about Bitcoin, let’s take a look at Ethereum

As Bitcoin is weak, Ethereum is gradually gaining strength.

Judging from the daily chart, although yesterday's surge was a bit tempting,

But currently, Ethereum has no intention of falling below 2000

I think this parallel high point here will definitely break.

Regardless of whether it is a true breakthrough or a false breakthrough, from the current position, Ethereum has at least one more high.

At present, the two high points ahead provide support for the current price.

Whether this support can be so stable needs to be observed later.

As long as Bitcoin remains above 36,000, it is unlikely that Ethereum will fall below 2,000.

From the 4th hour, it seems to be a little more restrained.

If this convergence pattern is established, then there is a high probability that this will be a relay pattern.

The possibility of a real upward breakthrough will increase

Overall, after the callback, Bitcoin's upward surge is limited.

Ethereum may lead the altcoins to another surge in the future, and then this wave of bull market will end completely.

So if you like to short, then choose the corresponding high point to short Bitcoin

It’s best not to short Ethereum for now

If there is no short position at a high level, it is better to wait for the next opportunity rather than chasing the short position.