After the intraday price hit 98482 at noon, the price has been showing a downward trend in the afternoon. The short-term idea we gave in the evening was verified as expected. And the target of 96500 was also reached again. This is the control of the market by professionals. The Ethereum price retreated to the lowest level of 2624 in the evening.
The trend of the currency price at the four-hour level and the one-hour level showed certain consolidation and accumulation characteristics, and the bullish force was gradually accumulating. After touching the upper track of the Bollinger band or the upper track of other technical indicators, the market encountered certain resistance, causing the price to fall. This kind of fall is a normal market behavior, especially when the price is close to the key resistance level. The stability of the lower track or support level of the Bollinger band at the one-hour level indicates that there is limited room for decline in the short term. Therefore, we can participate in the market around low and long
Operation suggestions
Bitcoin can be long around 96500, target 98500
Ether can be long around 2620, target 2700
